City and County of Denver - File #: 19-1351

• File #: 19-1351
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 12/2/2019
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 12/23/2019
• Final action: 12/23/2019
• Title: A resolution approving a proposed Second Amendment to Master Credit Agreement between the City and County of Denver, Enterprise Community Loan Fund, Inc., and multiple lending partners, to continue the City's participation in a loan fund providing funding to acquire properties in close proximity to public transit, for affordable housing and other uses. Amends a master credit agreement with Enterprise Community Loan Fund, Inc. to extend the term through 12-31-29, increase the allowable loan amount to acquire properties for housing preservation, and provide changes to the other investment partners that do not affect the City's investment, to continue the City's participation in a fund that provides loans to acquire properties in close proximity to public transit for affordable housing. No change to agreement amount (OEDEV-CE96019-02). The last regularly scheduled Council meeting within the 30-day review period is on 1-13-20. The Committee approved filing this item at its meeting on 12-11...
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
12/24/2019	1	Council President	signed
12/23/2019	1	City Council	adopted	Pass
12/11/2019	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-2-19

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: Susan Liehe
Email: susan.liehe@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 Second Amendment to Master Credit Agreement between the City and County of Denver, Enterprise Community Loan Fund, Inc., and multiple lending partners, to continue the City's participation in a loan fund providing funding to acquire properties in close proximity to public transit, for affordable housing and other uses.
Amends a master credit agreement with Enterprise Community Loan Fund, Inc. to extend the term through 12-31-29, increase the allowable loan amount to acquire properties for housing preservation, and provide changes to the other investment partners that do not affect the City's investment, to continue the City's participation in a fund that provides loans to acquire properties in close proximity to public transit for affordable housing. No change to agreement amount (OEDEV-CE96019-02). The last regularly scheduled Council meeting within the 30-day review period is on 1-13-20. The Committee approved filing this item at its meeting on 12-11-19.
body

Affected Council District(s) or citywide? Citywide

Contract Control Number: OEDEV-CE96019-02

Vendor/Contractor Name (including any...