Tag: Affordable Housing
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Aurora launches down payment assistance program through Prop 123
The city of Aurora launched a new real estate down payment assistance program through Colorado Proposition 123, helping city residents achieve homeownership. Aurora officials announced the program in a news release Tuesday, saying the program will cover between 4% and 10% of the purchase price for qualifying homebuyers. The assistance is a loan, and must…
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Historic Denver YMCA to be transformed into affordable housing
U.S. Vice President Charles W. Fairbanks placed the original cornerstone for the Denver YMCA at the corner of 16th Avenue and Lincoln Street in late 1906 in an “elaborate and formal ceremony.” And as this year comes to an end, so will the YMCA’s stake in its longtime downtown home at 25 E. 16th Ave.…
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Will pilot program ease Colorado developers’ funding application pain?
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When a developer wants to build affordable rental housing, plenty of tax credits and funding sources are available from myriad nonprofits, private companies and government agencies. Developers often cobble together financing from multiple sources, as well as add in “gap” funding that covers the difference between the project’s cost and all other financing. A 2021…
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All Lakewood City Council incumbents re-elected, still focusing on affordable housing
The Lakewood City Council looks mostly the same following the Nov. 4 elections. With that, the council’s goals remain the same: affordable housing for the missing middle — or families that don’t qualify as low-income but don’t earn enough to obtain a mortgage on a single-family home. The city had four incumbents running for re-election…
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All Lakewood City Council incumbents re-elected, still focusing on affordable housing
The Lakewood City Council looks mostly the same following the Nov. 4 elections. With that, the council’s goals remain the same: affordable housing for the missing middle — or families that don’t qualify as low-income but don’t earn enough to obtain a mortgage on a single-family home. The city had four incumbents running for re-election…
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Builders say Colorado’s push fails to create more affordable housing
What’s the secret sauce for making homes more affordable in Colorado? That’s the question that renters are asking when the median price of a home — now $550,000 — ranks Colorado as one of the least affordable places to live in the nation. Fourth or fifth from the bottom, according to some rankings. Colorado is…
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Denver ramps up efforts to increase affordable housing
With a population of more than 729,000 and growing, the city of Denver has long struggled with an unaffordable housing market and needs to create close to 44,000 affordable units over the next decade, according to the city’s Department of Housing Stability. The median sale price of a home in Denver stands at $584,500, up…
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Entertainment district around Ball Arena could be ready by 2032
The first phase of the development project to transform the parking lots of Ball Arena could be finished in the next seven years, an executive for Kroenke Sports & Entertainment said Wednesday. “So, Phase 1, we’re projecting as of now a build out around all of Ball Arena by 2032,” the organization’s senior vice president…
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Affordable housing plan stalled as Denver rejects property buy
A resolution that would have pulled $2.5 million out of the city’s Capital Improvement Program (CIP) contingency fund to purchase a former Goodyear auto repair shop in the city’s Central Business District has failed. Members of the Denver City Council voted 7 to 4 on Tuesday to reject the plan to purchase the property at…
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EDITORIAL: Trampling Colorado’s locals on energy, housing
What’s the common thread between Gov. Jared Polis’ roadmap to green energy and his agenda for affordable housing? That is, aside from the fact each will backfire on the state’s economy in one or more ways. The answer is that both steamroll local laws that are more in tune with the needs of their communities…