City and County of Denver - File #: 21-1369

• File #: 21-1369
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 11/5/2021
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 11/29/2021
• Final action: 11/29/2021
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver, and Northeast Denver Housing Center, Inc., for the construction and development of a 90-unit affordable housing project known as Central Park II Apartments. Approves a loan agreement with Northeast Denver Housing Center, Inc. for $1,665,000 and for 60 years to construct a 90-unit affordable housing project known as Central Park II Apartments, serving low- to moderate-income households earning up to 60% of the area median income, located at the northeast corner of Central Park Boulevard and East Prairie Meadow Drive in Council District 8 (HOST 202160900). The last regularly scheduled Council meeting within the 30-day review period is on 12-20-21. The Committee approved filing this item at its meeting on 11-17-21.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
11/29/2021	1	Council President	signed
11/29/2021	1	City Council	adopted	Pass
11/17/2021	1	Safety, Housing, Education & Homelessness Committee	approved by consent	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 11-5-21

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: Elvis Rubio
Email: Elvis.Rubio@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 Northeast Denver Housing Center, Inc., for the construction and development of a 90-unit affordable housing project known as Central Park II Apartments.
Approves a loan agreement with Northeast Denver Housing Center, Inc. for $1,665,000 and for 60 years to construct a 90-unit affordable housing project known as Central Park II Apartments, serving low- to moderate-income households earning up to 60% of the area median income, located at the northeast corner of Central Park Boulevard and East Prairie Meadow Drive in Council District 8 (HOST 202160900). The last regularly scheduled Council meeting within the 30-day review period is on 12-20-21. The Committee approved filing this item at its meeting on 11-17-21.
body

Affected Council District(s) or citywide? Council District 8

Contract Control Number: HOST 202160900

Vendor/Contractor Name (including any "DBA"): Northeast Denver Housing Center, Inc.

Type and Scope of services to be performed:
Northeast Denver Housing Center Inc. has been conditionally approved for a $1,665,000 performance loan to develop Central Park II Apartments, a 90...