City and County of Denver - File #: 20-1419

• File #: 20-1419
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 11/23/2020
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 12/14/2020
• Final action: 12/14/2020
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and The Colorado Coalition for the Homeless to provide financial support for the construction of 34 units of a 98-unit supportive housing project at Legacy Lofts at 2175 California Street to serve the chronically homeless (HOME Investment Partnerships Program). Approves a performance loan agreement with the Colorado Coalition for the Homeless for $1,100,000 and through 12-17-80 for a 4% Low Income Housing Tax Credit housing development to construct 34 units of a 98-unit supportive housing project at Legacy Lofts at 2175 California Street to serve the chronically homeless in Council District 9 (HOST-202056322). The last regularly scheduled Council meeting within the 30-day review period is on 1-4-21. The Committee approved filing this item at its meeting on 12-2-20.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
12/14/2020	1	Council President	signed
12/14/2020	1	City Council	adopted	Pass
12/2/2020	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 11-23-20

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: Megan Yonke
Email: megan.yonke@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 The Colorado Coalition for the Homeless to provide financial support for the construction of 34 units of a 98-unit supportive housing project at Legacy Lofts at 2175 California Street to serve the chronically homeless (HOME Investment Partnerships Program).
Approves a performance loan agreement with the Colorado Coalition for the Homeless for $1,100,000 and through 12-17-80 for a 4% Low Income Housing Tax Credit housing development to construct 34 units of a 98-unit supportive housing project at Legacy Lofts at 2175 California Street to serve the chronically homeless in Council District 9 (HOST-202056322). The last regularly scheduled Council meeting within the 30-day review period is on 1-4-21. The Committee approved filing this item at its meeting on 12-2-20.
body

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

Contract Control Number: HOST-202056322

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

Type and Scope of services to be performed:
The Legacy Lofts project participates in the D3 program, in which the Denver Housing Authority (DHA) will own the land and lease the improvements to Colorado Coalitio...