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.
The Affordable Homes Program May Be Under Scrutiny…but for Stapleton homes, the outlook appears optimistic
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.
Affordable Housing Roundup
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.
Fee from Stapleton Home Sales May Go toward Affordable Housing
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.
180 Affordable Apartments to Come at MLK/Moline/26th
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.
Two More Affordable For-Sale Projects Are Underway in Stapleton
Northeast Denver Housing Center (NDHC) has begun site work for two affordable, for-sale housing projects in the southwest quadrant of Stapleton: 40 units along the west side of Central Park Blvd. between 21st Ave. and Xanthia Way, and 23 units on the north side of 21st Ave. between Spruce and Tamarac streets. Dominique Acevedo, NDHC deputy director, says all of the units are under contract with an estimated move-in scheduled for late summer through fall of 2018.
“New Approaches” Needed to Complete Stapleton Affordable For-sale Homes
The City of Denver has concluded “it is possible” that Forest City can meet its obligation to provide a minimum of 10 percent “affordable” for-sale housing in Stapleton by the time buildout of market rate homes is completed.
How Do New Neighborhoods Stapleton and Lowry Differ from Denver as a Whole?
A recent study of “Housing Affordability in Stapleton” presents a demographic profile comparing Stapleton, Lowry, the city of Denver, and metro Denver.
PCMD Agrees To Pay WCMD Expenses for Legal Counsel
The Park Creek Metropolitan District (PCMD) has agreed to pay the Westerly Creek Metro District’s (WCMD) costs for independent legal counsel.
Fee on Stapleton Home Sales May Go Toward Affordable Housing
Every residential and commercial sale in Stapleton pays the “community investment fee”—one-quarter of 1 percent of the property’s sale price (after the first $100,000).
