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Resolution Approving Second Amendatory Loan Agreement for Affordable Housing in Council District 9

  • When: 2025/07/21
  • Address: Citywide
  • City: Denver
  • State: CO
  • Category: Affordable Housing
  • Subcategory: Affordable Housing Development
  • Asset Class: Multifamily
  • Planning Department: True

A resolution approving a proposed Second Amendatory Loan Agreement between the City and County of Denver and Cornerstone Residences LLLP to allow for the Assignment & Assumption of the Rocky Mountain HDC, Inc. HOME loan documents. This amendment facilitates the transfer of existing HOME loan documents to Cornerstone Residences LLLP without altering the original contract length or maximum amount. The item was approved by the Safety, Housing, Education & Homelessness Committee on June 25, 2025, by consent. The proposed resolution will be submitted to the City Council for final approval. The original HOME loan documents were issued by Rocky Mountain HDC, Inc.

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