A resolution approving a proposed Fourth Amendatory Agreement between the City and County of Denver and Brothers Redevelopment, Inc to allow for additional households to be served in the 2026 program year, citywide. Amends a contract with Brothers Redevelopment to add $350,000.00 for a new total of $1,350,000.00 and adding twelve months for a new end date of 12-31-2026 to allow for an additional 37 households to be served in the 2026 program year, citywide (HOST-202368182/HOST-202581961-04). The last regularly scheduled Council meeting within the 30-day review period is on 1-5-2026. The Committee approved filing this item at its meeting on 12-2-2025.

This resolution approves a Fourth Amendatory Agreement with Brothers Redevelopment, Inc. for the citywide Foreclosure Financial Assistance Program. The amendment adds $350,000.00 to the contract, bringing the new total to $1,350,000.00, and extends the program by 12 months to December 31, 2026. This extension will allow an additional 37 households to be served in the 2026 program year, bringing the total number of unduplicated households served throughout the program's duration to 137. The program provides financial assistance (up to $10,000 per household) to Denver homeowners at or below 80% Area Median Income (AMI) who are at risk of foreclosure due to financial hardship, covering past-due mortgages, HOA fees, or other liens. It also connects participants to other homeowner stabilization resources and programs. The Department of Housing Stability (HOST) oversees this initiative, funded by General Funds.

This program directly helps Denver homeowners at risk of losing their homes due to financial hardship by providing up to $10,000 in financial assistance to prevent foreclosure. It offers a critical safety net, helping 137 households maintain housing stability and avoid involuntary displacement.

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