Denver City Council Community Planning and Housing Agenda 2026-06-02
Loan Approved for Kappa Senior Housing Project
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Description
The Community Planning and Housing committee approved a $1,050,000 loan agreement with Kappa Housing, Inc. including a 60-year covenant to re-lend funds to Kappa Tower III, LLLP. The financing will support 30 income-restricted senior units for households earning 30% to 50% of AMI at 9095 East 48th Ave.
Contract Details
Contract Amount
$1,050,000.00
Vendor
KAPPA HOUSING INC
Agency
City of Denver, CO
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
60-year covenant
Renewal Info
Loan agreement includes a 60-year covenant; no additional renewal or extension terms are specified.
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