Colorado Politics

Denver City Council considers $10 million loan for 170 affordable housing units

The Denver City Council on Monday plans to vote on a $10 million loan agreement to assist with the acquisition of 170 affordable housing units at Columbine Towers in southwest Denver.

The apartment complex at 1750 S. Federal Blvd. accommodates people with disabilities and low-income seniors 55 and over.

Of the 170 units available for residents earning below 80% of the area median income, 106 units are occupied by residents with below 50% of the area median income and 43 units are occupied by residents with below 30% of the area median income.

Denver Mayor Mike Johnston’s goal before 2024 ends is to provide 3,000 affordable housing units across the city.

In other action, the council will consider:

  • Adding $1 million and one year to a contract with Vivent Health to provide rental assistance and services to support people living with HIV or AIDS. 
  • A contract with Sill-TerHar Motors to purchase 15 replacement police fleet vehicles for $628,665.
  • A contract with EP Blazer, LLC to purchase 20 replacement police vehicles for $1,077,540.
  • An ordinance changing the name of the “Tobacco Sting” Special Revenue Fund to “Comprehensive Nicotine Control” and to include nicotine vaping as a part of it. Denver expects to receive $2.2 million in settlement dollars for nicotine control in the next four years, according to its contract.
  • Authorizing the purchase of two organic collection vehicles from the “2023 Front Range Waste Diversion Grant” Program award.
Columbine Towers, a housing complex in southwest Denver, is being considered for a $10 million loan agreement for Denver to acquire 170 affordable housing units.
Noah Festenstein
noah.festenstein@denvergazette.com


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