City and County of Denver - File #: 22-1607

• File #: 22-1607
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 11/28/2022
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 12/19/2022
• Final action: 12/19/2022
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and NDHC Affordable Communities, Inc. to develop 70 condos which will be sold to households earning at or below 80% of the area-median income, as part of the Central Park IV project, located at 5702 North Central Park Boulevard in Council District 8. Approves a loan agreement with NDHC Affordable Communities, Inc. for $2,449,976 to develop 70 condos available at 80% area-median income, as part of the Central Park IV project, located at 5702 North Central Park Boulevard in Council District 8 (HOST-202265609). The last regularly scheduled Council meeting within the 30-day review period is on 1-9-2023. The Committee approved filing this item at its meeting on 12-7-2022.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
12/19/2022	1	Council President	signed
12/19/2022	1	City Council	adopted	Pass
12/7/2022	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-5-2022

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name: Adam Lyons
Email Address: Adam.Lyons@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 Loan Agreement between the City and County of Denver and NDHC Affordable Communities, Inc. to develop 70 condos which will be sold to households earning at or below 80% of the area-median income, as part of the Central Park IV project, located at 5702 North Central Park Boulevard in Council District 8.
Approves a loan agreement with NDHC Affordable Communities, Inc. for $2,449,976 to develop 70 condos available at 80% area-median income, as part of the Central Park IV project, located at 5702 North Central Park Boulevard in Council District 8 (HOST-202265609). The last regularly scheduled Council meeting within the 30-day review period is on 1-9-2023. The Committee approved filing this item at its meeting on 12-7-2022.
body

Affected Council District(s) or citywide? 8

Contract Control Number: HOST-202265609

Vendor/Contractor Name (including any "DBA"):
NDHC AFFORDABLE COMMUNITIES, INC.

Type and Scope of services to be performed:
Central Park IV, a 70-unit for-sale housing development, is located in the Central Park neighborhood in close proximity to employment centers, commercial services, retail, highly rated schools, and healthy living amenities. Central Park IV will provide 70 affordable condominiums...