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File #: 20-0074    Version: 1
Type: Resolution Status: Adopted
File created: 1/17/2020 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 2/10/2020 Final action: 2/10/2020
Title: A resolution approving a proposed First Amendatory Agreement between the City and County of Denver and Colorado Housing Assistance Corporation for down payment assistance to Denver homebuyers. Amends a contract with Colorado Housing Assistance Corporation (CHAC) by adding $350,000 for a new total of $700,000 and one year for a new end date of 12-31-20 to provide down payment assistance to first time homebuyers with household income at or below 80% of the area median income (AMI) who are purchasing a home in the City (201846938-01; HOST-202053147). The last regularly scheduled Council meeting within the 30-day review period is on 3-2-20. The Committee approved filing this item at its meeting on 1-29-20.
Indexes: Emily Lapel
Attachments: 1. RR20 0074 HOST CHAC DPA, 2. 20-0074 Filed Resolution_Colorado Housing Assistance Corporation 202053147-01 Alfresco 201846938-01, 3. 20-0074 First Amendatory Agreement Colorado Housing Assistance Corporation 202053147-01 Alfresco 201846938-01, 4. 20-0074 Filed Resolution_Colorado Housing Assistance Corporation, 5. 20-0074 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 1-17-20

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: ReJean Peeples
Email: rejean.peeples@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 First Amendatory Agreement between the City and County of Denver and Colorado Housing Assistance Corporation for down payment assistance to Denver homebuyers.
Amends a contract with Colorado Housing Assistance Corporation (CHAC) by adding $350,000 for a new total of $700,000 and one year for a new end date of 12-31-20 to provide down payment assistance to first time homebuyers with household income at or below 80% of the area median income (AMI) who are purchasing a home in the City (201846938-01; HOST-202053147). The last regularly scheduled Council meeting within the 30-day review period is on 3-2-20. The Committee approved filing this item at its meeting on 1-29-20.
body

Affected Council District(s) or citywide? Citywide

Contract Control Number: HOST-202053147-01 / ALF-201846938-01

Vendor/Contractor Name (including any "DBA"): Colorado Housing Assistance Corporation (CHAC)

Type and Scope of services to be performed:
This amendment creates an amended $700,000 contract between the Department of Housing Stability (HOST) and Colorado Housing Assistance Corporation (CHAC). This amendment adds $350,000 to the existing 2019 contract amount of $350,000 for a total amount of $700,000 ...

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