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File #: 24-1179    Version: 1
Type: Resolution Status: Committee Consent
File created: 9/8/2024 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 9/18/2024 Final action:
Title: Approves a contract with MHMP 21 Navajo LLLO for $8,550,000 and 99 years in which the loan will be forgivable providing the property has maintained compliance and affordability requirements, to construct 190 income-restricted units to be leased at rents affordable to qualifying households, in Council District 3 (HOST-202475776).
Indexes: Anne Wallace
Attachments: 1. RR24-1179-_HOST_Navajo LA-Draft
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

 

Date Submitted:  7-16-2024

 

Requesting Agency:  Housing Stability

                               Division:

 

Subject Matter Expert Name: Laura Allen-Hatcher
Email Address: 
Laura.Allen-hatcher@denvergov.org <mailto:Laura.Allen-hatcher@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

Approves a contract with MHMP 21 Navajo LLLO for $8,550,000 and 99 years in which the loan will be forgivable providing the property has maintained compliance and affordability requirements, to construct 190 income-restricted units to be leased at rents affordable to qualifying households, in Council District 3 (HOST-202475776).

body

 

Affected Council District(s) or citywide?

Council District 3

 

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?