Tag: Denver Affordable Housing
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Does Denver’s ‘affordable’ housing goal align with today’s market needs? Experts weigh in
As Denver pushes for more “affordable” housing, experts wonder if the city’s approach is sustainable and question whether it aligns with today’s market needs. Denver Mayor Mike Johnston’s goal for 2025 to “preserve” or help in the development of more than 3,000 such units. Denver worked with developers last year to build 1,695 new units,…
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Colorado housing experts say ‘bad forecasting’ led to less affordable housing
A panel of housing experts Tuesday argued the lack of affordable housing in Colorado is because of poor planning, resulting in fewer housing options, especially the need to accommodate people with lower incomes. Experts also lamented impacts of government involvement in creating more affordable living options. At the annual Common Sense Institute (CSI) summit Tuesday,…
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Denver council decides on affordable housing sales tax hike Monday
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Denver City Council on Monday will consider approving a ballot measure that would let voters decide on a sales tax hike that, if approved, would fund more affordable housing options across the city. The proposed 0.5-point tax hike, proposed by Mayor Mike Johnston, seeks…
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Denver loans $2.6 million to preserve 60 affordable mobile homes
The Denver City Council on Monday approved a loan of $2.6 million to preserve 60 affordable homes in the Capitol City Mobile Home Park. It’s a mobile home community with residents who last year created a co-op to avoid being displaced if the land under it sold. The city is loaning the large sum to…
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Denver approves $10 million loan agreement to acquire 170 affordable housing units
The Denver City Council on Monday approved a $10 million loan to acquire 170 existing affordable housing units in the Ruby Hill neighborhood, a move which also changes income qualifications for residents living in the fully occupied affordable housing complex. The approved contract is for a city-provided $10 million loan for Columbine Towers at 1750…
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Denver City Council considers $10 million loan for 170 affordable housing units
The Denver City Council on Monday plans to vote on a $10 million loan agreement to assist with the acquisition of 170 affordable housing units at Columbine Towers in southwest Denver. The apartment complex at 1750 S. Federal Blvd. accommodates people with disabilities and low-income seniors 55 and over. Of the 170 units available for…
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Denver City Council delays public hearing for West Colfax affordable housing project
The Denver City Council on Tuesday unanimously rejected a public hearing scheduled for next month to address a proposed affordable housing development in the city’s Sloan’s Lake neighborhood. The council rejected consideration of the required public hearing “so issues can be ironed out,” according to District 5 Councilmember Amanda Sawyer. In April 2019, the council…
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Denver residents risking homelessness move into affordable housing units at former medical office
A few Denver residents at risk of becoming homeless moved into a former medical office building Dec. 8 that has been converted into 110 affordable housing units south of Capitol Hill. Denver Health has joined with the Denver Housing Authority in an effort to house patients at-risk of homelessness after long hospital stays. The housing authority…
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Warren Village to expand housing services for homeless single-parent families in Denver
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Warren Village will soon expand its services to a third location, increasing affordable housing access for low-income and homeless single-parent families in Denver. The new facility will include 74 affordable apartments at 1394 W. Alameda Ave. and 1373 W. Nevada Place in southwest Denver. After…
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Denver to recommend mandatory affordable housing in new residential developments
The City of Denver is considering a proposal to create a mandatory affordable housing requirement for all new residential developments of eight units or more within the city. If passed, this would require new developments in typical market areas to build 8% of new units for tenants who make 60% or below the area median…