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Basalt Vista affordable housing project helps families stay in the valley

In local news, The Aspen Times covered affordable housing in Basalt Vista which will help people remain in the valley.

“At a time when the soaring cost of real estate is making the difficult task of remaining in the Roaring Fork Valley particularly daunting, nine families can rest easier this Christmas.

The nine households won the lottery this fall for the right to buy an affordable-housing residence at the Basalt Vista project. The project is a collaboration among Habitat for Humanity Roaring Fork, Pitkin County and the Roaring Fork School District. Twenty-seven units will be constructed behind Basalt High School in three phases. They will be sold to qualifying families at below-market prices.”

Read more at The Aspen Times here.

Denver nonprofit real estate company creating affordable real estate near Santa Fe Arts District

A new article from The Denver Channel highlights a nonprofit real estate company, Urban Land Conservancy, offering affordable housing near the Santa Fe Arts District.

“DENVER — Growth in Colorado is making it difficult for a lot of people to buy a home.

Enter Denver’s Urban Land Conservancy, a nonprofit real estate company creating affordable real estate directly benefiting the Denver region. The ULC is now bringing new life and new opportunities to an 18,000-square foot site near the trendy Santa Fe Arts District.

The condo complex, called Inca Commons, will offer 86 affordable for-sale condos available for under $200,000.”

 

Read the rest at The Denver Channel here.

If backyard cottages are going to help fix a housing crisis, we’ll need more than 24 a year

This just in out of the Denverite: “Accessory dwelling units aren’t cheap or convenient enough yet to be widely adopted. Fewer than 200 Denver ADUs have been built since 2010.”

“In 2010 when changes in Denver’s zoning code allowed granny flats — also known as carriage houses or casitas — to be built in more parts of the city, just two permits were issued for the structures that planners call accessory dwelling units.Proponents argue ADUs can produce low-cost housing and low-impact density and build wealth among homeowners. So you might expect them to be embraced in a city with a housing crisis and a widening income gap. But ADU permits, according to city figures, stayed in the single digits the first three years. The issuing advanced to 20 in 2013 and hovered there until jumping to 44 in 2016 and has been in the 40s every year since, including 41 so far this year.”

Read more on Denverite here.

How Multifamily Housing Can Solve Urban Loneliness And Boost Value

This just in – Forbes covers how to tackle loneliness with multifamily housing.

“With loneliness on the rise and soon to reach epidemic proportions, building community, especially within apartment buildings — where millennials and Generation Z are the dominant renting population — is critical.

Considerable research is now going into solving the problem of loneliness through community in apartment buildings. It seems that fiscal value can be placed on friendships. The National Apartment Association housed a panel discussion about apartment communities in 2017. According to Laurie Lyons, U.S. Residential’s Executive VP of Client Services, people may be willing to pay up to an additional $200 monthly in order to live close to friends.”

Read more on Forbes here.

Centennial to consider ADUs, short-term rental policy

The Centennial Citizen covers the topic of ADUs as a new alternative for housing attainability and housing diversity.

“In the unforgiving Denver metro housing market, an outside-the-box alternative has garnered attention in recent years across metro cities: the accessory dwelling unit.

Defined as small structures behind a primary house or in a basement, attic space or above a garage, ADUs are commonly known as “granny flats” or “carriage houses.”

“Population growth in the metro area is driving the need for attainable housing and therefore housing diversity,” said Allison Wittern, spokeswoman for the City of Centennial. “ADUs could be considered a possible alternative that would create housing diversity in Centennial.”

Read more on Centennial Citizen here.

Developer Hopes New Complex Will Offer Attainable Options For Millennials

CBS4 highlights a local developer, Dublin Development, constructing affordable housing near the University of Denver for millennials.

“DENVER (CBS4)– Home prices in Denver are through the roof and it has many young buyers feeling like they will never be able to own in the city. A local developer is hoping to change that.

“We’re targeted toward the buyer who wants to live in Denver, but can’t afford the $800,000 to million condo,” Shawn Bookout, co-founder of Dublin Development, said.”

 

Read more at CBS4 here.

Pueblo rental owners proud of properties

The Pueblo Chieftain highlights proud rental property owners in Pueblo.

“Looking for an apartment or home to rent in Pueblo?

One tip is to start by asking if the property owner is a member of the Southern Colorado Residential Rental Association, the professional association for landlords and property managers in the Pueblo area.

Chances are the property is safe and clean and not a threat to neighbors’ property values or on any House of Shame-type listing of problem homes that have been a focus of the community in recent years.

“It’s not the rental property that causes property values to depreciate. It is the landlord that causes property to depreciate,” said association member Pat Heine, a retired Pueblo police officer who for years led the department’s Neighborhood Watch program.”

 

Read more on The Pueblo Chieftain here.

Landlords in metro Denver and nonprofit team up to help renters

This just in – metro Denver landlords and team members with the nonprofit Brothers Redevelopment have joined forces to find ways to get more housing units for those who need them.

“Landlords in metro Denver are donating $5,000 to help a nonprofit affordable housing developer support renters.

Nancy Burke, vice president of government affairs for the Apartment Association of Metro Denver, said her group often directs calls it gets from tenants to Colorado Housing Connects, an information and resources hotline set up by the Denver Metro Fair Housing Center and Brothers Redevelopment. Brothers housing navigators who staff the hotline are knowledgeable about evictions, tenant rights and responsibilities and other issues.”

Read the full story at Denverite here.

Colorado Resources

The Speer Boulevard corridor goes vertical, adding more than 2,400 housing units over the last half decade

A new article from Denverite highlights the expansion of 2,400 apartment units to the Golden Triangle and environs.

“The manager of 7/S Denver Haus says her eight-story, two-year-old apartment building at Seventh and Sherman has one of the best rooftops in the city.

Tenants can take in mountain sunsets, grill a steak on the patio, or warm up next up to the fireplace in the lounge on days less conducive to barbecue. And manager Bethany Anderson can check out the coming competition.

“Sometimes I try to count the cranes,” Anderson said.

It’s an activity that can keep you busy in this neighborhood. By a rough count that the city’s department of Community Planning and Development put together, a dozen towers started since 2015 on or near Speer Boulevard have added or soon will add more than 2,400 apartment units to the Golden Triangle and environs. Urbanist and CU Denver planning professor Ken Schroeppel goes back a few more years and documents several other new buildings on his blog DenverInfill. Schroeppel also counted some hotels, so not all the towers are about long-term housing. Though some of the tenants get five-star hotel treatment.”

Read more at the Denverite here.

Report: Denver rents fall for third straight month; up nearly 2 percent year-over-year

This just in – latest data show rents continue to decline in Denver.

“DENVER — The latest data show rents continue to decline slightly in Denver, though they’re still higher than the same time last year.

According to rental listing website ApartmentList, rents were down 0.2 percent in November for a median cost of $1,060 for a one-bedroom apartment and $1,340 for a two-bedroom.”

Read more at The Denver Channel here.