City and County of Denver - File #: 21-1504

• File #: 21-1504
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 12/6/2021
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 1/3/2022
• Final action: 1/3/2022
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Habitat for Humanity of Metro Denver, Inc. to construct a 28-unit affordable for-sale townhome project known as Aria Townhomes. Approves a performance loan agreement with Habitat for Humanity of Metro Denver, Inc. for $1,260,000 and for 99 years to construct a 28-unit affordable for-sale townhome project known as Aria Townhomes, serving low- to moderate-income households earning at or below 80% of the area median income located at 2819 West 53rd Avenue in Council District 1 (HOST 202160935). The last regularly scheduled Council meeting within the 30-day review period is on 1-24-22. The Committee approved filing this item at its meeting on 12-15-21.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
1/3/2022	1	Council President	signed
1/3/2022	1	City Council	adopted	Pass
12/15/2021	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-6-21

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: Derek Woodbury
Email: Derek.Woodbury@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 Habitat for Humanity of Metro Denver, Inc. to construct a 28-unit affordable for-sale townhome project known as Aria Townhomes.
Approves a performance loan agreement with Habitat for Humanity of Metro Denver, Inc. for $1,260,000 and for 99 years to construct a 28-unit affordable for-sale townhome project known as Aria Townhomes, serving low- to moderate-income households earning at or below 80% of the area median income located at 2819 West 53rd Avenue in Council District 1 (HOST 202160935). The last regularly scheduled Council meeting within the 30-day review period is on 1-24-22. The Committee approved filing this item at its meeting on 12-15-21.
body

Affected Council District(s) or citywide? Council District 1

Contract Control Number: HOST 202160935

Vendor/Contractor Name (including any "DBA"): Habitat for Humanity of Metro Denver

Type and Scope of services to be performed:
Habitat for Humanity of Metro Denver (HFHMD) has been conditionally approved for a performance loan of $1,260,000 in linkage fee funds to support the construction costs for a 28-unit townhouse developme...