All Denver residents will pay a tax and most builders will pay a development impact fee under Denver’s new affordable housing fund approved by Denver City Council Sept. 19 on a 9-4 vote.
Editor’s Note: The Front Porch received the op-ed below in opposition to the new affordable fund and solicited the piece in favor so readers can consider opposing views side by side.
The Denver City Council will vote Sept. 12 whether to create a permanent affordable housing fund whose revenue sources would be a 0.5 mill property tax and a “linkage” fee assessed on most new development.
Affordable housing has been an issue of abiding interest in Stapleton as rental and affordable for-sale units have lagged behind the goals established in the development agreement with Denver in 2001.
Mayor Hancock says Denver has a housing crisis.
Construction has begun on the single largest affordable for-sale homes project in Stapleton.
A meeting to air frustrations about lack of progress in meeting Stapleton’s affordable housing goals moved quickly to common ground on the daunting challenges facing housing activists and builders.
Thrive Home Builders will construct 165 affordable rowhomes along Central Park Blvd. north of I-70.
If tax credits are secured, Retirement Housing Foundation will build a 2.2-acre housing site oriented toward families with incomes ranging from 30 to 60 percent of the area median income.
As Stapleton nears build out, attention is turning to affordable housing requirements that seem unlikely to be met by the time market-rate homes are built out.
The Denver City Council has approved a condo construction defects ordinance with the goal of having more multi-unit for-sale dwellings on the market.
Forest City representatives presented a preliminary site plan for the first phase of Section 10 in the northernmost part of Stapleton
