A plan to provide more affordable housing options in Denver is moving through the city council. A council committee took up the proposal August 2.
It’s a combination of property tax hikes and fees on new developments, which would amount to $12 more in taxes each year for the average homeowner.
This would generate about $144 million over ten years, according to city estimates. The plan comes as the city is becoming increasingly unaffordable.
“Families are moving out of the city, due to the lack of affordability," said Monica Martinez, co-chair of Mothers Advocate For Affordable Housing. "And I want Denver to be a community that is diverse, that has families, that has rich, that has poor and everyone in the middle.”
The committee took no action on the proposal. It will receive more discussion through the month before a scheduled vote in front of the full council in September.