Mayor Michael Hancock has proposed a funding scheme to ramp up affordable housing production in the city of Denver.
"Denver marijuana buyers would help pay for an expansion of Denver’s 10-year, $150 million affordable housing fund under a plan that includes borrowing to amp up apartment production," reports Jon Murray.
Mayor Michael Hancock and other city officials released the plan in response to pressure from affordable housing advocates to do more in relieving the cost of housing the city's market.
"If key components win council approval this summer, the city would partner with the Denver Housing Authority to issue $105 million in bonds to underwrite affordable housing projects and acquire new land for income-qualified housing," reports Murray.
The new bond funding would be used to double the city's affordable housing targets in the next five years, to 6,400 new or protected affordable housing units.
Denver to Raise Sales Tax on Marijuana to Double Funds for Affordable Housing
As Denver continues to grow, the cost of housing in the city remains high for many. In response, the city plans to build 6,000 affordable units over the next five years.
Denver Moving Quickly to Preserve Affordable Housing Stock
Denver is considering its first steps toward an affordable housing preservation strategy, with time running out on the covenants that restrict rents on thousands of affordable housing units around the city.
How Will Rhode Island Spend a $120M Housing Bond?
Voters approved a bond measure that includes up to $10 million for creating a public housing entity.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
How Atlanta Built 7,000 Housing Units in 3 Years
The city’s comprehensive, neighborhood-focused housing strategy focuses on identifying properties and land that can be repurposed for housing and encouraging development in underserved neighborhoods.
In Both Crashes and Crime, Public Transportation is Far Safer than Driving
Contrary to popular assumptions, public transportation has far lower crash and crime rates than automobile travel. For safer communities, improve and encourage transit travel.
Report: Zoning Reforms Should Complement Nashville’s Ambitious Transit Plan
Without reform, restrictive zoning codes will limit the impact of the city’s planned transit expansion and could exclude some of the residents who depend on transit the most.
Judge Orders Release of Frozen IRA, IIJA Funding
The decision is a victory for environmental groups who charged that freezing funds for critical infrastructure and disaster response programs caused “real and irreparable harm” to communities.
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