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HOST presents $20M+ in development loans to create roughly 450 affordable units across seven projects
Summary
HOST described loan and grant commitments totaling just over $20 million to support about 450 affordable units across six-to-seven projects, including PSH, senior housing and a rental co‑op; council raised questions about unit mix, funding sources, co‑op oversight and landmark renovation costs.
HOST briefed the committee on a package of Host loan and grant commitments intended to support roughly 450 affordable units across multiple projects and neighborhoods.
HOST said it has advanced six projects to the council process representing just over $20 million in investments and an approximate production of 450 affordable units. Projects presented included: Chrysalis Apartments (70‑unit permanent supportive housing in District 10) with a proposed $3,150,000 performance loan; Denver Dry Goods (historic rehabilitation downtown, 106 units) with a proposed $5,500,000 Host cash‑flow loan; I Love Senior Apartments (50 units near University of Denver) with a $2,250,000 loan; Legacy Homes (60 PSH units via Atlantis/Bayaud) with a $3,000,000…
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