Approval of First Amendatory Agreement with Renewal Residences LLC for Additional Funding to Rehabilitate 30 Affordable Housing Units at 1135 Logan Street
- When: 2024/11/04
- Address: 1135 Logan Street, Denver, CO
- City: Denver
- State: Colorado
- Category: Affordable Housing
- Subcategory: Affordable Housing Development
- Asset Class: Multifamily
- Property Type: Affordable Housing
- Size (Units): 30 Units
- Size (Dollars): $1,295,365
The City and County of Denver approved a First Amendatory Agreement with Renewal Residences LLC, adding $810,365 in funding to the original $485,000 agreement. This brings the total funding to $1,295,365 for the rehabilitation of 30 affordable housing units at 1135 Logan Street. The project scope includes electrical, HVAC, plumbing upgrades, decarbonization efforts with electric stove replacements, and installation of solar panels, among other updates. Work is expected to be completed in a rolling-rehab manner to minimize tenant disruption.
Why it Matters
This funding ensures the continuation of critical rehabilitation efforts for affordable housing units, preserving and enhancing housing for low- and moderate-income families. It supports sustainability efforts and long-term affordability in the city.
