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Douglas County approves $500,000 deferred loan to Union Park (La Quinta) affordable housing project
Summary
The Board approved a $500,000 deferred loan and deed of trust to preserve 30 years of affordability at Unity on Park (formerly the La Quinta in Castle Rock), the renovated housing for people with intellectual and developmental disabilities.
Maureen Waller, a county staff member filling in for Dan Avery, asked the Board of County Commissioners on Dec. 17 to approve a $500,000 deferred loan between Douglas County and Unity on Park Street LLLP to complete renovations at Unity on Park (formerly the La Quinta hotel) and ensure affordability for 30 years via a deed of trust. "This request is seeking the approval of the $500,000 for a deferred loan agreement between Douglas County and Unity on Park Street," Waller said.
Waller explained the local history: in October 2022 the county allocated $6.4 million in American…
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