Denver Council To Take Up Affordable Housing Measure

September 12, 2016

The Denver City Council on Monday is expected to take up a measure that would provide a boost to affordable housing – a major issue for a city that is becoming increasingly unaffordable.

City officials say the proposal would fund the building or preservation of 6,000 affordable housing units over a decade. The city would use a combination of property taxes and new fees on new developments to pay for it. The small tax hike would cost homeowners an extra $12 in taxes each year.

The full council will take up the proposal for the first time on Monday, although it received unanimous support at a committee hearing last month. A final vote will be held at a meeting next week, one where the public will have a chance to weigh in.

A separate proposal that would provide more immediate funding through the city’s general fund could also receive debate. 

You Made It...

...through this story! And by donating right now you can make even more stories like this one possible.

MAKE YOUR GIFT TODAY