City and County of Denver Minutes Community Planning and Housing 2026-06-02
Loan Approved to Support Kappa Tower III Senior Housing
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Description
Denver approved a $1.05 million loan agreement with Kappa Housing, Inc., subject to a 60-year covenant, to support Kappa Tower III’s 30 income-restricted senior units at 9095 East 48th Ave. The funds will be re-lent to Kappa Tower III, LLLP to serve seniors between 30% and 50% AMI.
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 governing affordability; no explicit renewal options described.
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