Amends the loan agreement between the City and County of Denver and Iliff Senior Apartments LLLP to update the Legal Description for the financed construction of a multi-family residential structure to create 50 income restricted units to be leased at affordable rents to qualifying senior (62+ years old) households, in Council District 4 (HOST-202578924/HOST-202580846).

This item amends the loan agreement between the City and County of Denver and Iliff Senior Apartments LLLP. The amendment is to update the Legal Description for the financed construction of a multi-family residential structure. This structure will create 50 income-restricted units to be leased at affordable rents to qualifying senior (62+ years old) households. The loan amount of $2,250,000 and the loan term remain unchanged. The project is located at 4770 E. Iliff Ave in Council District 4 and is designed to meet the 2020 National Green Building Standard at the Bronze level.

This amendment will facilitate the creation of 50 affordable housing units for seniors at 4770 E. Iliff Ave, ensuring continued access to housing for qualifying older adults.

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