“From what I’ve seen, people are working together and they see their destinies as intertwined,” says Nebiyu Asfaw of those he talks to along East Colfax.
Being home (whether or not in time for the holidays) will soon have a profound new meaning for over a hundred Denver residents—the Quality Inn on Quebec is being transformed into 139 affordable microhousing units.
Seniors who have lived with a spouse or partner for years face many life changes when they find themselves alone in a home they’ve always shared.
One hundred eighty units of affordable housing, The Moline Apartments, officially opened on July 10. “The work to get this apartment built will have a long-term effect on a lot of lives,” said Gete Mekonnen, executive director of NE Denver Housing, at the opening event.
Myers’ company, Thrive, has built approximately 200 homes in the affordable program, and it has had only one foreclosure. With rule changes the city made in October, his sales went from 30 in a quarter to 3. His company did an analysis and determined that 9 out of 10 buyers he had closed on in his latest project would never have been approved under new guidelines.
At the Feb. 21 Citizens Advisory Board meeting, Damon Knop, a realtor knowledgeable about Denver’s income-qualified homes program, shared concerns about a recent change in the allowed ratio of housing-debt to income for buyers.
Realtor Damon Knop has participated in over 400 affordable homes sale transactions as the buyer’s or seller’s agent in Stapleton, including multiple transactions on some homes over the years.
As Denver metro housing prices continue to rise, so also does the community focus on affordable housing. The Front Porch offers this overview of recent activities affecting affordable housing in northeast Denver.
Each time a property is sold in Stapleton, a “community fee” is paid to the Stapleton Foundation (“Foundation”) to support education, transportation and wellness programs that benefit the broader community.
Northeast Denver Housing Center (NHDC) plans to begin construction of a 180-unit affordable housing project in January at the southeast corner of MLK Blvd. and Moline St.