Consent approvals for financing and services for 60-unit Permanent Supportive Housing at 3721 N Globeville Rd

Consent Items

A resolution approving a proposed Loan Agreement between the City and County of Denver and The Colorado Coalition for the Homeless to develop and construct Permanent Supportive Housing affordable rental units at 3721 N Globeville Rd, Denver, CO 80216, in Council District 9. Approves the loan agreement with The Colorado Coalition for the Homeless for $3,200,000.00 with a maturity date of 720 months from date of the Promissory Note, to develop and construct 60 Permanent Supportive Housing (PSH) affordable rental units at 3721 N Globeville Rd, Denver, CO 80216, in Council District 9 (HOST-202683860). The last regularly scheduled Council meeting within the 30-day review period is on 5-11-2026. The Committee approved filing this item at its meeting on 4-15-2026.

Approves the Funding Agreement with The Colorado Coalition for the Homeless (CCH) for $1,350,000.00 with an end date of 12-31-2041 to provide wraparound services to the residents of the 60-unit Permanent Supportive Housing (PSH) affordable rental project known as Park Avenue Apartments, located at 3721 N Globeville Rd, Denver, CO 80216, in Council District 9, (HOST-202683912).