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Safety & Well-being Committee

Tuesday, January 19, 2016 · 1:30 PM AM · City & County Building, Room 391

TL;DR

The Safety & Well-being Committee approved a $700,000 loan agreement to support the construction of 112 affordable housing units near the University of Colorado Health Sciences Center on Ash Street. This funding comes from Skyline Funds and HUD sources and will help with both construction and permanent financing for the project.

Key Decisions

  • Affordable Housing Loan Agreement - $700,000 for 112 units at 1126 Ash Street Passed

Agenda

  1. 1 Attendance
    Action: approved for filing
  2. HIST-0907 Briefing: Office of Economic Development on affordable housing
    Historical
    Action: approved for filing
  3. 15-0991 Approves a loan agreement with Koelbel and Co./Mile High Development for $700,000 of Skyline Funds/HUD to support the construction and permanent financing of 112 affordable housing units in the University of Colorado Health Sciences Center Redevelopment at 1126 Ash Street, in Council District 5.
    Resolution
    Action: approved for filing Passed

    A motion offered by Councilmember Flynn, duly seconded by Councilmember Kniech, to file the bill carried by the following vote: