Denver City Council to consider $29M housing bond
Denver’s efforts to solve its affordable housing shortage will take a step forward on Monday night when the City Council introduces a bill to authorize the issuance and sale of a $29 million bond.
Last year, the city approved California developer Shea Properties’ conversion of a 124,000-square-foot office building at 4340 S. Monaco St. into 143 apartments.
The building is situated in Southmoor Park, approximately 10 miles southeast of downtown Denver. Among the city’s priciest neighborhoods, it was once occupied by Atlanta-based investment firm Invesco.
Current home listings on Zillow.com show the average home price for the area is more than $2 million.
Also on the agenda are four proclamations.
The first will celebrate Denver International Airport’s 30th year of operation and the second will honor William H. Whitsell, the first Black man born in Colorado.
The third will honor Omar Blair, Elvin Caldwell, Pauline Short Robinson, Dr. Justina Ford, Bob Ragland and Denver’s African American libraries. The fourth and final proclamation will recognize Black History Month.
Three required public hearings will be held.
The first will be on Council Bill 25-0097, changing the zoning classification for 5401 E. Dakota Ave. in Washington Virginia Vale. The second will be on Council Bill 25-0013, changing the zoning classification for 1709 N. Williams St. in City Park West, and a third required public hearing on Council Bill 25-0030, changing the zoning classification for 1628 & 1630 S. Ogden St. in Platt Park.
The Denver City Council will hold its regular Monday meeting at 3:30 p.m., with the general public comment session beginning at 5 p.m.




