City and County of Denver City Council Community Planning and Housing Minutes 2026-06-02
Loan Approved for Kappa Housing Senior Project
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Description
Denver City Council approved a $1,050,000 loan agreement with Kappa Housing, Inc. with a 60-year covenant to re-lend funds to Kappa Tower III, LLLP for 30 income-restricted senior units at 9095 East 48th Ave. The project will serve seniors between 30% and 50% AMI in Council District 8.
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 features a 60-year covenant tied to income-restricted senior housing; no additional renewal terms specified.
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