Denver City Council Community Planning and Housing Agenda 2026-06-02
$1.05M loan for Kappa senior housing project
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Description
Denver’s Community Planning and Housing committee approved a $1.05 million loan agreement with Kappa Housing, Inc., backed by a 60‑year covenant, to support 30 income‑restricted senior units at 9095 East 48th Ave. Kappa Housing will re‑lend the funds to Kappa Tower III, LLLP to 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 agreement includes a 60-year covenant; no additional renewal provisions described.
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