Montbello Organizing Committee - Gates Family Foundation
Project Description

Montbello FreshLo is a community-driven development project located on 1.3 acres in the historically underserved Montbello neighborhood of Denver. The building will include 43,000 square feet of commercial and nonprofit space, including a grocery store, cultural arts center, retail space for entrepreneurs, and offices for nonprofit service providers. The project is the result of many years of community organizing and collaborative design, and will bring much needed resources, fresh food, and cultural opportunities to the neighborhood. The project also includes five stories of affordable housing, which will provide 97 apartment units.

This loan may repay in eight years; for years 1-7 the repayment is monthly interest-only. If not refinanced by year 7, repayment in years 8-10 will be in equal monthly principal payments.

Amount $200,000
Year Awarded 2021
Support Type Program-Related Investment
Strategic Priorities

Community Development > Access to Economic Opportunity

Areas Served

Denver > Denver

Website https://montbelloorganizing.org/freshlo-hub/
Term 10 years
Payment Schedule