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South Platte River Committee approves $3.2M loan and $1.35M services funding for Park Avenue Apartments in Globeville
Summary
The South Platte River Committee approved by consent two council resolutions to provide a $3.2 million loan and a $1.35 million funding agreement to develop 60 units of Permanent Supportive Housing and pay for wraparound services at Park Avenue Apartments, 3721 N Globeville Rd in Council District 9.
The South Platte River Committee of the City and County of Denver approved by consent on April 15, 2026, two council resolutions funding development and services for a 60-unit Permanent Supportive Housing project at 3721 N Globeville Rd in the Globeville neighborhood (Council District 9).
Council Resolution 26-0501 approves a loan agreement with The Colorado Coalition for the Homeless for $3,200,000 to develop and construct 60 Permanent Supportive Housing affordable rental units at the Park Avenue Apartments site. The promissory note lists a maturity of 720 months.
Council Resolution 26-0502 approves a Funding Agreement with The Colorado Coalition for the Homeless for $1,350,000, with an end date of Dec. 31, 2041, to provide wraparound services to residents of the same 60-unit project.
Both resolutions were recorded in the meeting record as "approved by consent." The transcript does not record a mover, a seconder, individual vote tallies, or any substantive debate on these items in the committee's minutes. The project address and council district are listed in the resolutions as 3721 N Globeville Rd, Denver, CO 80216, in Council District 9.
The actions fund both capital (a long-term loan) and ongoing services intended to support residents in place; the transcript does not specify further budget sources beyond the loan and the funding agreement, nor does it record a timeline for construction or occupancy. No public comments or objections related to these resolutions are recorded in the provided minutes.
The committee's record lists its membership and staff (Chair Jamie Torres; Vice Chair Sarah Parady; members Flor Alvidrez, Kevin Flynn, Chris Hinds, Amanda Sandoval, Darrell Watson; staff Melissa Mata). The minutes also include a header note stating "Committee not meeting. Consent agenda included." The transcript provides no additional procedural details about next steps, implementation assignments, or required subsequent votes at council.
