ThenewstrategicplanforDenverhousingprogramsoutlineseightkeypriorities:
Increasehousingresources.Aconsistentstreamoffundingisneededfrompublicandprivateinvestments,
revenuefromhousingrelatedinitiativessuchastheMetroMortgageAssistanceprogramandthe
InclusionaryHousingOrdinance,socialimpactbondsandgeneralfunds.Manydevelopers,however,have
criticizedtheInclusionaryHousingOrdinance,sayingitwillbackfire,makingitmoredifficulttobring
affordablehousingtoDenver.
Improveboththesystemandthecommunicationofthecity’sfundingprocesstosimplify,clarifyand
workmoretransparentlywiththehousingdevelopmentcommunity,primarilynonprofits.
Ensureregulatoryreliefandbetterefficiencybenefitsfortheentitiesdevelopingaffordablehousing,
includingacceleratedprocessing,lowerfeesand/orreducingdevelopmentchargesonutilities.
Increasecriticalneedsandhomelesshousingthroughmorewraparoundsupportiveservices,exploring
microunitdevelopmentandremovingbarrierstohousingthosewhowereformerlyincarcerated.
Promoteaffordablehousingthroughoutmoreethnicallyandeconomicallydiverseareasforawiderrange
offamilysizes,withbettertrackingofneglected,underutilizedand/orderelictproperties.
Closelymonitorandpreservethecurrentbodyofaffordableworkforceandcriticalneedpropertiesto
maximizethesavingsbetweenarehabilitatedunitandanewlyconstructedone,includingincome
restrictedproperties,covenantrestrictedpropertiesandthosewithanoticeofintenttosell.
Continuetofosterhomeownershipthroughexistingandadditionalhomebuyerassistanceandsupport
programs.
Encourageenvironmentalsustainabilityandimprovedpublichealththroughoutallhousinginitiatives,
includinggreenbuildingstandards,transitorienteddevelopments,energy/waterconservation,bicycle
pedestrianamenities,andaccesstofreshfoodandotherhealthylifestyleoptions.
Thereportnotesthatnewandrehabbedaffordablehousingdevelopmentsbringdirectinvestments,construction
jobsandspendingintoneighborhoods.Forexample,a100unitsubsidizedhousingcommunitythatcosts$16.4
million,willcreate61constructionandsupportjobsand26indirectjobsinthe10countyDenverAurora
metropolitanstatisticalarea,accordingtotheNationalAssociationofHomeBuilders.Italsowillcreate$5.4
millioninlocalwagesandsalaries,contribute$2.1milliontotheincomeoflocalbusinessowners,andbring
$700,000annuallytocitycoffers,accordingtotheNAHBprojection.
HousingDenverdoesnotprovidea“onesizefitsall”planbutratherarangeofoptionstobestfittheneedsofa
diversecommunityacrossdifferinglevelsofincome,experience,preference,familysize,ageand/ordisability,
accordingtocityofficials.Rather,theplanisa“livingdocument”thatstatesthecity’sprinciples,priorities,
goalsandinitiativesastheyconcernDenver’shousingneedsthatwillbesupplementedeachyearwith
measurableannualactionplans.
“Denver’snewplanstrivestoillustrateafullspectrumofhousingneedsandresourceswhilestrengtheningthe
publicprivatepartnershipsthatarenecessarytoboostaffordablehousingoptions,”saidPaulWashington.
ExecutiveDirectoroftheOfficeofEconomicDevelopment.
“Fromemergencyshelterforthehomelessallthewayuptopaymentassistanceforahomebuyer,creating
affordablehousingtakesmanyforms,andourgoalistohelpmorepeopleappreciatethediversityofwho
benefitsfromastronghousingprogram,”Washingtonsaid.