Region: Denver Creates Affordable Housing Fund

The Denver City Council approved an ordinance creating a $150 million fund for affordable housing. The fund is intended to create or preserve 600 units each year for ten years. City property owners will be charged an additional half mill, equating $12 a year on a home worth $300,000, which will bring in about $6.5Continue reading “Region: Denver Creates Affordable Housing Fund”

Colorado: Denver Announces More Fees and Taxes for Affordable Housing Program

The City of Denver recently announced a new effort to combat the price of housing. Single-family developments will be charged an additional 60 cents a square foot while multi-family projects will be charged an additional $1.25 per square foot. Most commercial projects will be charged $1.70 a square foot. In addition, all property owners (residentialContinue reading “Colorado: Denver Announces More Fees and Taxes for Affordable Housing Program”