Housing Catalyst

Approval of Minutes from November 9, 2023 Meeting

Commissioner Wagner moved to approve the minutes from the November 9, 2023 meeting. The motion was seconded by Commissioner Nelsen and passed unanimously.

Construction and Project Updates

Impala Redevelopment

Senior Project Manager Nichole Rex provided an update on the construction progress at the Village on Impala. Construction is 9% complete. Demolition has been completed. Footing and foundations permits have been acquired and work will continue into December and January. Off-site utility work has been completed and on-site utility work will be ongoing. Renovations on the existing duplexes will begin in early January. All relocations will happen onsite.

2155 W. Plum Renovation

Project Manager Preston Nakayama provided a status report on the project including that comments on the minor amendment have been received; the GMP is not yet executed but the delay was due to Energy Outreach Colorado renewing their interest in participating in the project to provide funding for weatherization upgrades; the roof work is continuing; staff is preparing for providing vouchers to residents when the property is removed from public housing; staff is preparing for temporary relocations in March and construction beginning April 1; and the property will be renamed Plum Place.

Partnerships and Pipeline Updates

Chief Real Estate Officer Kristin Fritz reported that:

Heartside Hill Partnership Request

Chief Real Estate Officer Kristin Fritz discussed the memo and materials that were provided related to the CARE Housing partnership request for Heartside Hill. The changes since the project was first reviewed include addition of one more unit, increased construction costs, and other cost increases, but these have been approved by their investor and funders and all funds have been secured. The terms of the partnership and the process for staying updated on project progress were discussed. The recommendation from staff to take the partnership request to the Board for approval at the December meeting was approved by the Committee. 

Adjourn

The meeting was adjourned at 3:50 p.m.