At the First Friday Breakfast on Jan. 6, 2017, a panel will assess the current status of affordable housing policies in metro Denver, what barriers remain, the effect of a lack of affordable housing on Denver’s economic growth, and more.
As housing prices in the Denver metro area continue to increase, affordability remains a challenge. This issue begins at high poverty and homelessness rates and extends through social classes, reaching young working professionals and families who struggle to pay rent or find down payments.
Since SPA last examined this issue a year ago, the City of Denver, along with other entities, have presented plans.
In September, Jon Murray of the Denver Post wrote: “With a 9-4 vote, the council created the city’s first-ever dedicated local funding sources for affordable housing — approving a plan that’s been portrayed by its backers as a modest first step; by housing advocates as too little, too late; and by some developers and business interests as an overreach that could drive up market rents and building prices.” This fund could raise $150 million over the next decade.
Other organizations are working on this issue and, at the same time, the new administration in Washington (with HUD possibly headed by Ben Carson) is likely to take different approaches to subsidized housing.
This panel will assess: What is the current status of affordable housing policies in metro Denver? What are the issues that can be addressed with $150 million in Denver? What barriers remain (such as construction defects)? Will a lack of affordable housing dampen Denver’s economic growth? How will national policy influence local priorities?
Please join us as we kick off our 2017 First Friday Breakfast series by examining the progress of affordable housing in Denver.
- Albus Brooks, Denver City Council President, District 9 Representative
- Pat Coyle, Deputy Executive Director, Colorado Department of Local Affairs
- Steven Johnson, Director of Community Development, Colorado Housing Finance Authority
- Mike Zoellner, President and Chief Operating Officer, RedPeak Apartments
Moderator: Todd Ely, Assistant Professor and Director of the Center on Local Government, School of Public Affairs, CU Denver
If you are unable to attend, tune in remotely! Join us by phone, computer or tablet by clicking this link at the scheduled start time.