The City and County of Denver approved a resolution to issue up to $23,000,000 in Multifamily Housing Revenue Bonds for the Loretto Heights Family Apartments project. This financing will support Mercy Housing Mountain Plains in the acquisition, construction, and equipping of an approximately 100-unit affordable housing facility located at 2980 S. Pancratia Street. The bonds are limited obligations of the City, payable solely from revenues generated by the developer. The resolution indicates the city's intent to finance the project, subject to conditions such as the developer securing bond purchase commitments and obtaining all necessary project approvals. The project aims to provide affordable housing for low- and middle-income families. The City awarded the project a portion of its private activity bond volume cap allocation, which is valid for one year.