Denver rolls its affordable housing plan out to the public
Author: Ramsey Scott - July 24, 2016 - Updated: July 31, 2016
Denver rolled out its new 10 year, $155 million plan to address affordable housing in the city at a public meeting Thursday. While it was met by cautious approval from some in the audience, others at best were at best skeptically indifferent about the plan. The plan would create a dedicated fund compiled from a 50/50 split between 0.5 million property tax for both residential and commercial and a new fee structure for residential and commercial developments. It would go to everything from homeowner assistance to helping subsidize the construction of affordable housing units.