Denver City Council Community Planning and Housing Agenda 2026-06-02
$4.75M loan for Green Valley Vistas apartments
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Description
Denver City Council’s Community Planning and Housing committee approved a $4.75 million, 19‑year cash flow loan to Green Valley Vistas Owner, LLC to construct 156 income‑restricted apartments at 5000 Tower Road. The project will serve households between 30% and 80% AMI with a 99‑year affordability covenant in Council District 11.
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
Single 19-year cash flow loan with a 99-year affordability covenant; no renewals described.
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