The City and County of Denver approved a $3,782,000 loan agreement with MHMP 20 Loretto LLLP to finance the construction of 100 income-restricted multifamily units. The Loretto Heights Family Apartments project, located at 2980 S. Pancratia Street, Denver, CO 80236, will provide affordable rental units for qualifying households in Council District 2. The developer, Mercy Housing Mountain Plains (MHMP), will construct 100 units with AMIs ranging from 30% to 70%, with an overall weighted average AMI of 58%. The project will feature 45 one-bedroom, 31 two-bedroom, and 24 three-bedroom units. It is part of the larger 72-acre Loretto Heights Campus redevelopment and will include amenities such as a community room, recreation and business centers, picnic areas, and EV charging. Tenant services like adult education, computer courses, after-school tutoring, and job search assistance will also be provided. Rental and occupancy restrictions will be secured by a 60-year covenant.