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File #: 25-1618    Version: 1
Type: Resolution Status: Agenda Ready
File created: 10/22/2025 In control: City Council
On agenda: 10/27/2025 Final action:
Title: A resolution approving a proposed Agreement between the City and County of Denver and 18th and Penn Building I, LLC to finance the construction of 72 income restricted units to be leased at affordable rents to qualifying households. Approves the loan agreement between the City and County of Denver and 18th and Penn Building I, LLC in the amount of up to $2,290,000 to finance the construction of 72 income restricted units to be leased at affordable rents to qualifying households (HOST-202581877). The last regularly scheduled Council meeting within the 30-day review period is on 11-17-2025. Council member Parady approved direct filing this item on 10-22-2025.
Attachments: 1. 25-1618 Filed Resolution_18th and Penn Building I, LLC 202581877, 2. 25-1618 Agreement_18th and Penn Building I, LLC 202581877, 3. 25-1618_Filed_Resolution_18th_and_Penn_Building_I,_LLC
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Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

 

Date Submitted: 10.22.25

 

Requesting Agency: City Council

                               Division:

 

Subject Matter Expert Name: Polly Kyle
Email Address:
Polly.Kyle@denvergov.org <mailto:Polly.Kyle@denvergov.org>                                                      
Phone Number:

 

Item Title & Description:

(Do not delete the following instructions)

These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).

 

Both the title and description must be entered between the red “title” and “body” below.  Do not at any time delete the red “title” or “body” markers from this template.

title

A resolution approving a proposed Agreement between the City and County of Denver and 18th and Penn Building I, LLC to finance the construction of 72 income restricted units to be leased at affordable rents to qualifying households.

Approves the loan agreement between the City and County of Denver and 18th and Penn Building I, LLC in the amount of up to $2,290,000 to finance the construction of 72 income restricted units to be leased at affordable rents to qualifying households (HOST-202581877). The last regularly scheduled Council meeting within the 30-day review period is on 11-17-2025. Council member Parady approved direct filing this item on 10-22-2025.

body

 

Affected Council District(s) or citywide?

 

Executive Summary with Rationale and Impact:

Detailed description of the item and why we are doing it. This can be a separate attachment.

 

Address/Location (if applicable):

 

Legal Description (if applicable):

 

Denver Revised Municipal Code (D.R.M.C.) Citation (if applicable):

 

Draft Bill Attached?