Legislation Details

File #: 26-0746    Version: 1
Type: Resolution Status: Adopted
File created: 5/22/2026 In control: Community Planning and Housing
On agenda: 6/15/2026 Final action: 6/15/2026
Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Kappa Housing, Inc. to finance income-restricted units to be rented to qualifying senior households located at 9095 East 48th Ave, in Council District 8. Approves a loan agreement with Kappa Housing, Inc. for $1,050,000.00 with a 60-year covenant which shall re-lend funds to Kappa Tower III, LLLP, to finance 30 income-restricted units to be rented to qualifying senior households between 30% to 50% AMI. This project is located at 9095 East 48th Ave, in Council District 8 (HOST-202580585). The last regularly scheduled Council meeting within the 30-day review period is on 6-29-2026. The Committee approved filing this item at its meeting on 6-2-2026.
Indexes: Lucas Palmisano
Attachments: 1. RR26-0746_HOST_Kappa III_Resolution Request(2026 5-21), 2. 26-0746 Filed Resolution_Kappa Housing, Inc., 3. 26-0746_Kappa Housing, Inc._Vendor Signed Loan, 4. 26-0746_Filed_Resolution_Kappa_Housing,_Inc., 5. 26-0746_Filed_Resolution_Kappa_Housing_Inc.pdf

Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

 

Date Submitted: 6-1-2026

 

Requesting Agency: HOST

                               Division:

 

Subject Matter Expert Name: Polly Kyle
Email Address: 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 Loan Agreement between the City and County of Denver and Kappa Housing, Inc. to finance income-restricted units to be rented to qualifying senior households located at 9095 East 48th Ave, in Council District 8.

Approves a loan agreement with Kappa Housing, Inc. for $1,050,000.00 with a 60-year covenant which shall re-lend funds to Kappa Tower III, LLLP, to finance 30 income-restricted units to be rented to qualifying senior households between 30% to 50% AMI. This project is located at 9095 East 48th Ave, in Council District 8 (HOST-202580585). The last regularly scheduled Council meeting within the 30-day review period is on 6-29-2026. The Committee approved filing this item at its meeting on 6-2-2026.

body

 

Affected Council District(s) or citywide?

Council District 8

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?