Houston Dynamo have made history by conducting the first loan deal between two Major League Soccer clubs.
"I watched him in college and his first two years with Colorado and I enjoy the way he approaches the game," Dynamo head coach Dominic Kinnear said in a statement.
"He is not afraid to take on players and he has good versatility. I think when he has the ball at his feet he is not afraid to try and be productive, whether it be an assist or a goal. With what we have coming up this year, we think he is going to be a great addition to the team."
23-year old Cascio originally joined the Rapids via the 2012 MLS SuperDraft and has appeared in 42 matches for the Denver outfit.
Intra-league loans were made possible in 2013 but no club utilised the facility to bring players in temporarily without a transfer taking place making Cascio the first.
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