City and County of Denver - File #: 20-1036

• File #: 20-1036
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 9/21/2020
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 10/12/2020
• Final action: 10/12/2020
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and The St. Francis Center to support the development and construction of a 48-unit affordable housing development that will provide supportive services. Approves a performance loan agreement with St. Francis Center for $2,100,000 and for 99 years to construct Warren Residences, a 48-unit supportive housing project, with units all affordable to individuals earning 30% of area median income (AMI) located at 1630 East 14th Avenue in Council District 10 (HOST-202054974). The last regularly scheduled Council meeting within the 30-day review period is on 11-2-20. The Committee approved filing this item at its meeting on 9-30-20.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
10/12/2020	1	Council President	signed
10/12/2020	1	City Council	adopted	Pass
9/30/2020	1	Safety, Housing, Education & Homelessness Committee	approved for filing

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 9-21-20

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: Megan Yonke
Email: megan.yonke@denvergov.org

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 Loan Agreement between the City and County of Denver and The St. Francis Center to support the development and construction of a 48-unit affordable housing development that will provide supportive services.
Approves a performance loan agreement with St. Francis Center for $2,100,000 and for 99 years to construct Warren Residences, a 48-unit supportive housing project, with units all affordable to individuals earning 30% of area median income (AMI) located at 1630 East 14th Avenue in Council District 10 (HOST-202054974). The last regularly scheduled Council meeting within the 30-day review period is on 11-2-20. The Committee approved filing this item at its meeting on 9-30-20.
body

Affected Council District(s) or citywide? Council District 10

Contract Control Number: HOST-202054974

Vendor/Contractor Name (including any "DBA"): St. Francis Center

Type and Scope of services to be performed:
St. Francis Center is seeking two parallel contracts for both development and services for a supportive rental housing project at 1630 E. 14th Avenue. St. Francis Center is developing 48 Single Room Occupancy units with 50% of residents sourced from the One-Home coordinated entry system, and 50% of residents comprised of indi...