TWG will guarantee construction and operations and intends to meet 40‑year affordability covenant

TWG representatives told the URA they will be the managing general partner and guarantor for the 123 Manitou project, providing financial and leasing guarantees through construction and stabilization.

"TWG will be providing full guarantees for the project from, leasing to financing to construction completion, so across the board," Megan Adams said, describing TWG’s internal teams for finance, property management and construction oversight. Presenters said Bedrock will be the third‑party property manager for the project in Colorado.

TWG also described the land‑use restrictive covenant (LURA) that records AMI requirements for the compliance period: the presenters said AMI bands recorded on the LURA (30%–60%) generally persist for 40 years and that any change would require CHFA and DOLA approval. They reaffirmed that even if a future owner acquired the property, recorded affordability restrictions would remain in force for the duration of the covenant.