denver_city_council_meeting_minutes_oct_27_2025.pdf
Loan approved for 72 affordable units project
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Description
Council approved a loan agreement of up to $2.29 million with 18th and Penn Building I, LLC to finance construction of 72 income-restricted housing units at affordable rents. The financing supports expansion of the city’s affordable housing stock.
Contract Details
Contract Amount
up to $2,290,000
Vendor
18TH AND PENN BUILDING I LLC
Agency
Denver County, CO
Contract Type
FINANCIAL_SERVICES
Document Date
October 27, 2025
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