Denver’s program for affordable rental housing has a leak, and the city’s leaders haven’t agreed how to fix it. Even as the city spends millions more dollars to create income-restricted housing, it faces the threat that up to 8 percent of its existing “affordable” units will convert to full market prices over the next five years. The problem is simple, but the debate is not: When developers build affordable rental units, they don’t have to stay affordable forever.
Denver’s Affordable Rental Housing Program Is Leaking, But The Fix Is Controversial
Andrew Kenney, Denver Post: Politics
Fri, 10/05/2018 - 10:28am
Topics: early andrew romero regions bank that nonprofit councilwoman at-large debbie ortega related articles former democratic penfield tate hancock swanky dancers bustop gentleman s club along colorado s i-70 column amendment marvin kelly del norte neighborhood development corporation councilwoman at-large robin kniech boulder this but kelly the city rodger hara it what s councilman albus brooks blake denver denver s the boulder in city kniech the program fix affordable rental housing units years change projects longer problem restrictions affordability credits give funding tax hurt developers requires full leaders build debate requirement don meeting percent stay market terms interview expire lots built state leader wrote property
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