Neighborhood, Community & Business Revitalization Committee
TL;DR
The committee approved two housing initiatives to help Denver residents afford homes near public transportation. Both bills focus on using loans and credit agreements to fund affordable rental housing development, with one program specifically targeting properties close to transit lines.
Key Decisions
- Revolving Credit Agreement for Transit-Oriented Affordable Housing Approved for filing
- Loan Agreement with Renaissance Housing Development Corporation for Rental Assistance Approved for filing
Agenda
- 2009-0774 A bill for an Ordinance approving a proposed Revolving Credit Agreement between the City and County of Denver and various parties, to establish a fund for the acquisition of properties in close proximity to public transportation, to enable the creation or preservation of affordable housing with transit access in Denver.BillAction: approved for filing
- 2009-0775 A bill for an ordinance approving a proposed Loan Agreement between the City and County of Denver and Renaissance Housing Development Corporation for rental housing assistance pursuant to the Home Investment Partnership Program (“HOME Program”).BillAction: approved for filing