City and County of Denver - File #: 21-1506

• File #: 21-1506
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 12/6/2021
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 1/18/2022
• Final action: 1/18/2022
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Colorado Coalition for the Homeless to finance rehabilitation costs of an 81-unit housing project known as Renaissance Off Broadway Lofts. Approves a performance loan agreement with Colorado Coalition for the Homeless for $1,250,000 and for 60 years to rehabilitate a 81-unit affordable housing project known as Renaissance Off Broadway Lofts, serving low- to moderate-income households, earning at or below 60% of the area median income located at 2135 Stout Street in Council District 9 (HOST 202161071).The last regularly scheduled Council meeting within the 30-day review period is on 2-7-22. The Committee approved filing this item at its meeting on 12-15-21.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
1/18/2022	1	Council President	signed
1/18/2022	1	City Council	adopted	Pass
12/15/2021	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-6-21

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: Derek Woodbury
Email: Derek.Woodbury@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 Colorado Coalition for the Homeless to finance rehabilitation costs of an 81-unit housing project known as Renaissance Off Broadway Lofts.
Approves a performance loan agreement with Colorado Coalition for the Homeless for $1,250,000 and for 60 years to rehabilitate a 81-unit affordable housing project known as Renaissance Off Broadway Lofts, serving low- to moderate-income households, earning at or below 60% of the area median income located at 2135 Stout Street in Council District 9 (HOST 202161071).The last regularly scheduled Council meeting within the 30-day review period is on 2-7-22. The Committee approved filing this item at its meeting on 12-15-21.
body

Affected Council District(s) or citywide? Council District 9

Contract Control Number: HOST 202161071

Vendor/Contractor Name (including any "DBA"): The Colorado Coalition for the Homeless

Type and Scope of services to be performed:
The Colorado Coalition for the Homeless (CCH), together with its development subsidiary Renaissance Housing Development Corporation, intends to rehabilitate Off Broadway Lofts while increasin...