In Denver Housing Will Become More Unaffordable

The Denver City Council recently approved their latest affordable housing policy that goes into effect on July 1st. The new rules require that 8% to 12% of all units in a development with 10 or more units be designated affordable housing for the next 99 years and this applies to both for-sale and rental development. Thus, the remainder of the units will be less affordable as those tenants or buyers have to pay extra so that lower-income people can afford a place to live in their development.

This is what the City and County of Denver has been doing for several years and we can tell it’s worked so well. LOL! What’s risen faster? Rents, home prices, or homelessness? A policy doesn’t need to work in Denver, it only needs to make you feel better if you are on City Council.