Approval of $8.55 Million Loan Agreement with Mercy Housing Mountain Plains for 901 Navajo Street Affordable Housing Project
- When: 2024/11/18
- Address: 901 Navajo Street, Denver, CO
- City: Denver
- State: Colorado
- Category: Affordable Housing
- Subcategory: Affordable Housing Development
- Asset Class: Multifamily
- Property Type: Affordable Housing
- Size (Units): 190 Units
- Size (Dollars): $8.55M
The City and County of Denver approved a loan agreement of $8.55 million with Mercy Housing Mountain Plains to finance the development of 190 income-restricted units at 901 Navajo Street. This project includes 96 affordable units and 94 Permanent Supportive Housing (PSH) units. The development will be the first in Colorado to integrate affordable housing with a Federally Qualified Health Center (FQHC) focused on serving American Indian/Alaska Native individuals and families. The agreement also establishes a 99-year affordability covenant.
Why it Matters
This project addresses critical housing and healthcare disparities in Denver, particularly for American Indian/Alaska Native communities. It combines housing and healthcare services to promote stability and equity.
