City of Lakewood AgendaPacket Regular Meeting of the City Council 2026-06-08
Metro West Bonds to Fund Project with Related Affordable Affiliate
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Description
Lakewood authorized bond issuance by Metro West Housing Solutions, with loan proceeds benefiting Tiffany Square Preservation, L.P. or its affiliate Related Affordable, LLC. The up to $25 million financing supports acquisition and rehabilitation of affordable apartments at 935 Sheridan Blvd.
Contract Details
Contract Amount
Not to exceed $25,000,000 (as affiliate of loan recipient)
Vendor
RELATED AFFORDABLE LLC
Agency
City of Lakewood, CO
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
Bonds issued and proceeds loaned for project duration
Renewal Info
Bond terms per issuance; no explicit renewal clause. Affiliate involvement depends on partnership structure.
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