Denver Council approves $1M loan for affordable housing project in Council District 3.
The Denver City and County Council has approved a $1 million loan agreement with The St. Francis Center, Inc. to acquire land at 221 N. Federal Boulevard for a 60-unit affordable housing project.
The project is intended to serve low- to moderate-income individuals and is part of the city's efforts to increase affordable housing options. The loan is for a five-year term and was approved during a meeting on December 15, 2021.
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