City and County of Denver - File #: 21-0945

• File #: 21-0945
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 8/16/2021
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 10/25/2021
• Final action: 10/25/2021
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and MHMP 15 E Colfax, LLLP to construct an 82-unit affordable housing project located at 1510 North Valentia Street. Approves a loan agreement with MHMP 15 E Colfax, LLLP for $3,500,000 and through 11-01-81 to construct an 82-unit affordable housing project to serve general, family occupancy and include an Early Childhood Education (ECE) center on the ground floor located at 1510 North Valentia Street in Council District 8 (HOST 202160023). The last regularly scheduled Council meeting within the 30-day review period is on 11-15-21. The Committee approved filing this item at its meeting on 8-25-21.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
10/25/2021	1	Council President	signed
10/25/2021	1	City Council	adopted	Pass
8/25/2021	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 8-16-21

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 MHMP 15 E Colfax, LLLP to construct an 82-unit affordable housing project located at 1510 North Valentia Street.
Approves a loan agreement with MHMP 15 E Colfax, LLLP for $3,500,000 and through 11-01-81 to construct an 82-unit affordable housing project to serve general, family occupancy and include an Early Childhood Education (ECE) center on the ground floor located at 1510 North Valentia Street in Council District 8 (HOST 202160023). The last regularly scheduled Council meeting within the 30-day review period is on 11-15-21. The Committee approved filing this item at its meeting on 8-25-21.
body

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

Contract Control Number: HOST 202160023

Vendor/Contractor Name (including any "DBA"): MHMP 15 E Colfax LLLP

Type and Scope of services to be performed:
This 82-unit affordable housing project is the culmination of a process that began in 2019 with a competitive RFP for this site. This project will also include an Early Childhood Education (ECE) center on the ground floor. This project is the beneficiary of 4% + State tax cr...