Info
February 06, 2018 (413 days ago)
91 Views
0 Subscribers
denver
Colorado, United States
All News by Shadana Sultan
RMICC
Related News
One of the first projects to receive funding from Denver’s dedicated affordable housing fund broke ground today in a ceremony attended by city officials, including Mayor Michael B. Hancock, and Dominium, a Minneapolis-based leading apartment owner, (read more)
358 days ago · From Shadana Sultan
RMICC
Denver’s new five-year housing policy, strategy and investment plan,Housing an Inclusive Denver, was adopted last night by Denver City Council. (read more)
397 days ago · From Shadana Sultan
RMICC
Description

             

             

 

City and County of Denver

Office of Economic Development

 

Derek Woodbury

Communications Director

O: 720.913.1608

C: 303.895.6845

derek.woodbury@denvergov.org

 

 

FOR IMMEDIATE RELEASE

 

City seeks preservation partners for affordable housing

Partners to acquire income-restricted and unsubsidized affordable units

 

 

DENVER, CO ­— Tuesday, February 6, 2018 —The Denver Office of Economic Development (OED) is requesting qualifications from partners interested in contracting with the city to preserve existing income-restricted and unsubsidized affordable properties. OED has issued a Request for Qualifications (RFQ) in order to establish a pool of potential partners for future collaboration on preserving properties that are affordable to low- and moderate-income households.

 

There are currently more than 20,000 income-restricted housing units throughout Denver that were created through public investments. Over the next five years, more than 1,750 of these units are at risk of losing their affordability due to expiring income restrictions through a contract or covenant that is set to terminate. In addition, OED is interested in preserving unsubsidized affordable units throughout Denver that do not currently have an income restriction in place but remain affordable to low- and moderate-income households. The RFQ seeks to establish a pool of partners for future consideration on preserving affordability of these types of housing.

 

OED funding may be available for acquisition and rehabilitation of existing income-restricted and unsubsidized housing through low interest, subordinate debt. Specific structure and terms of the financial commitment shall be negotiated and underwritten as appropriate given the preservation opportunity.

 

Additional information and an online application is available at denvergov.org/oed.

The deadline to submit applications is Friday, February 23, 2018, at 4 p.m. MDT.

 

The Denver Office of Economic Development (OED) is dedicated to advancing economic prosperity for the City of Denver, its businesses, neighborhoods and residents. Working with a wide variety of community partners, OED operates to create a local environment that stimulates balanced growth through job creation, business assistance, housing options, neighborhood redevelopment and the development of a skilled workforce.

 

###

Photos
Other News in this Category
City and County of Denver announced the move of the Airport Concessions Disadvantaged Business Enterprise (ACDBE) program from the Denver Office of Economic Development’s Division of Small Business Opportunity (DSBO) to Denver International Airport (DEN). (read more)
41 days ago · From Shadana Sultan
RMICC
Join RMICC in welcoming new Voting Board Member, Kelly Reyos (Ute Indian Tribe). (read more)
60 days ago · From Shadana Sultan
RMICC
Join RMICC in welcoming new Voting Board Member, Joel Smith, member of Caddo Nation and Sr VP/Chief Credit Officer of Native American Bank. (read more)
63 days ago · From Shadana Sultan
RMICC
An enrolled member of the Delaware Tribe of Indians and the Cherokee Nation of Oklahoma, Ms. Compton holds a J.D. from the University of Denver, Sturm College of Law, and a B.A. from the College of the Holy Cross. (read more)
63 days ago · From Shadana Sultan
RMICC

Back to Top