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File #: 24-1652    Version: 1
Type: Resolution Status: Adopted
File created: 11/11/2024 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 12/2/2024 Final action: 12/2/2024
Title: A resolution approving a proposed Third Amendment to Master Credit Agreement between the City and County of Denver, Enterprise Community Loan Fund Inc., and multiple lending partners to continue the City's participation in a loan fund providing funding to acquire properties in close proximity to public transit for affordable housing, citywide. Amends a Master Credit Agreement with Enterprise Community Loan Fund Inc., and multiple lending partners to continue the City's participation in a fund that provides loans to acquire properties in close proximity to public transit for affordable housing, citywide (HOST-202476777). The last regularly scheduled Council meeting within the 30-day review period is on 12-23-2024. The Committee approved filing this item at its meeting on 11-20-2024.
Indexes: Anne Wallace
Attachments: 1. RR24-1652_HOST_TOD ReCapitalization Resolution Request, 2. 24-1652 Filed Resolution_Enterprise Community Loan Fund Inc._202476777-03, 3. 24-1652 Agr_Enterprise Community Loan Fund Inc._202476777-03, 4. 24-1652 Filed Resolution_Enterprise Community Loan Fund Inc, 5. 24-1652_signed

Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

 

Date Submitted: 11-18-2024

 

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 Third Amendment to Master Credit Agreement between the City and County of Denver, Enterprise Community Loan Fund Inc., and multiple lending partners to continue the City's participation in a loan fund providing funding to acquire properties in close proximity to public transit for affordable housing, citywide.

Amends a Master Credit Agreement with Enterprise Community Loan Fund Inc., and multiple lending partners to continue the City’s participation in a fund that provides loans to acquire properties in close proximity to public transit for affordable housing, citywide (HOST-202476777). The last regularly scheduled Council meeting within the 30-day review period is on 12-23-2024. The Committee approved filing this item at its meeting on 11-20-2024.

body

 

Affected Council District(s) or citywide?

citywide

Executive Summary with Rationale and Impact:

Detailed description of the item and why we are doing it. This can be a separate attachment.

 

Address/Location (if applicable):

 

Legal Description (if applicable):

 

Denver Revised Municipal Code (D.R.M.C.) Citation (if applicable):

 

Draft Bill Attached?