Denver City Council Community Planning and Housing Agenda 2026-06-02
Loan Approved for Green Valley Vistas Affordable Housing
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Description
Denver City Council’s Community Planning and Housing committee approved a $4,750,000 loan agreement with Green Valley Vistas Owner, LLC to support construction of 156 income-restricted apartments at 5000 Tower Road. The 19-year cash flow loan includes a 99-year affordability period for households earning between 30% and 80% of AMI.
Contract Details
Contract Amount
$4,750,000.00
Vendor
GREEN VALLEY VISTAS OWNER LLC
Agency
City of Denver, CO
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
19 years; 99-year income-restriction period
Renewal Info
19-year cash flow loan term with a 99-year affordability covenant on the apartments; no renewal terms specified.
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