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File #: 23-1789    Version: 1
Type: Resolution Status: Adopted
File created: 11/12/2023 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 12/4/2023 Final action: 12/4/2023
Title: A resolution approving a proposed First Amendatory Agreement between the City and County of Denver and Brothers Redevelopment, Inc. to provide financial assistance and foreclosure prevention services to income qualified households, citywide. Amends a contract with Brothers Redevelopment (202368182) to add $300,000 for a new total of $600,000 and one additional year for a new end term of 12-31-2024 to provide financial assistance to households who have experienced financial hardship at or below 80% of the Area Median Income to prevent involuntary displacement, citywide. 202371040-01. The last regularly scheduled Council meeting within the 30-day review period is on 12-18-2023. The Committee approved filing this item at its meeting on 11-22-2023.
Indexes: Anne Wallace
Attachments: 1. RR23-1789_HOST_Brothers Redevelopment - Foreclosure Financial Assistance, 2. 23-1789_Agmt_Brothers+Redevelopment+Foreclosure+Financial+Assistance+Program, 3. 23-1789 Filed Resolution_Brothers Redevelopment 11.27.pdf, 4. 23-1789 Filed Resolution_Brothers Redevelopment, 5. 23-1789_signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 11-20-2023

Requesting Agency: HOST
Division:

Subject Matter Expert Name: Chris Lowell
Email Address: Christopher.lowell@denvergov.org
Phone Number:

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 Brothers Redevelopment, Inc. to provide financial assistance and foreclosure prevention services to income qualified households, citywide.
Amends a contract with Brothers Redevelopment (202368182) to add $300,000 for a new total of $600,000 and one additional year for a new end term of 12-31-2024 to provide financial assistance to households who have experienced financial hardship at or below 80% of the Area Median Income to prevent involuntary displacement, citywide. 202371040-01. The last regularly scheduled Council meeting within the 30-day review period is on 12-18-2023. The Committee approved filing this item at its meeting on 11-22-2023.
body

Affected Council District(s) or citywide?
citywide
Contract Control Number:
202371040-01
Vendor/Contractor Name (including any "DBA"):
Brothers Redevelopment
Type and Scope of services to be performed:
Brothers Redevelopment Foreclosure Financial Assistance Program provides support to households at-risk of foreclosure with financial assistance. Households at or below 80% AMI who demonstrate a financial hardship may be eligible to receive up to $20,000 per household to help cure past due mortgage costs, HOA fe...

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