Denver has approved a $3.2 million loan agreement with The Colorado Coalition for the Homeless to develop and construct 60 Permanent Supportive Housing (PSH) affordable rental units at 3721 N Globeville Rd, Denver, CO 80216.
The project, located in Council District 9, will provide housing for individuals in need and is part of the city's efforts to address homelessness and affordable housing shortages.
The loan has a maturity date of 720 months from the date of the Promissory Note, indicating a long-term financial commitment to the project.