City and County of Denver - File #: 20-0310

• File #: 20-0310
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 3/23/2020
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 4/13/2020
• Final action: 4/13/2020
• Title: A resolution approving a proposed Loan Agreement with NDHC Affordable Communities, Inc. for a loan to support construction of Central Park Urban Living comprised of 132 affordable condominium units in Stapleton. Approves a loan agreement with NDHC Affordable Communities, Inc. for $2,640,000 and for fifteen years to support construction of Central Park Urban Living comprised of 132 affordable condominium units located at the corner of Wabash Street and Central Park Boulevard in Council District 8 (HOST-202053148). The last regularly scheduled Council meeting within the 30-day review period is on 5-4-20. The Committee approved filing this item at its meeting on 4-1-20.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
4/14/2020	1	Council President	signed
4/13/2020	1	City Council	adopted	Pass
4/1/2020	1	Safety, Housing, Education & Homelessness Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 3-23-20

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: Nick Emenhiser
Email: Nicholas.Emenhiser@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 with NDHC Affordable Communities, Inc. for a loan to support construction of Central Park Urban Living comprised of 132 affordable condominium units in Stapleton.
Approves a loan agreement with NDHC Affordable Communities, Inc. for $2,640,000 and for fifteen years to support construction of Central Park Urban Living comprised of 132 affordable condominium units located at the corner of Wabash Street and Central Park Boulevard in Council District 8 (HOST-202053148). The last regularly scheduled Council meeting within the 30-day review period is on 5-4-20. The Committee approved filing this item at its meeting on 4-1-20.
body

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

Contract Control Number: HOST-202053148

Vendor/Contractor Name (including any "DBA"): NDHC Affordable Communities, Inc.

Type and Scope of services to be performed:
This is a 132-unit, affordable condominium development at the corner of Wabash Street and Central Park Boulevard in Stapleton. The developer, Northeast Denver Housing Center, Inc., has developed multiple other income-restricted rental and for-sale developments in Stapleton, and the land was donated by FC Brookfield, pursuant to the Stapleton Devel...