Colorado Resources

Denver plans $5.5M for an affordable housing land trust

Colorado Politics highlights plans to invest $5.5 million to help affordable housing in the Denver metro area.

 

“Denver officials on Thursday announced plans to invest $5.5 million in a land trust that would help create 79 long-term affordable homes citywide and purchase land for future affordable housing in the Globeville and Elyria-Swansea neighborhoods.

City officials have negotiated contracts – subject to approval by the city council – with three developers who would build or refurbish home and sell them to moderate-income households.

Most of the units will be purchased through a land trust which would continue owning the land beneath the homes and make them permanently affordable through 99-year deed restrictions. Money for the projects would come from a city fund aimed at creating sustainable affordable housing, officials said.”

 

Read more on Colorado Politics here.

Boulder County affordable housing projects awarded $8 million in tax credits

The Longmont Times-Call covers how low-income housing tax credits will help fund affordable housing projects in Boulder.

 

“The Colorado Housing and Finance Authority awarded a record $25 million in low-income housing tax credits to 12 affordable housing projects around the state on Tuesday, $8.3 million of which will flow into Boulder County.

In all, the $8.3 million will help fund 120 affordable units in a new three-story complex at known as 30Pearl in Boulder and 73 affordable units in a mixed used development at 518 Coffman St. in Longmont.

It also will fund the renovation of 159 affordable units in Boulder and Longmont owned by Thistle Communities.”

 

Read more on The Longmont Times-Call here.

GUEST COLUMN: Understanding the proposed ADU ordinance

The Colorado Springs Gazette covers a proposed ordinance that would expand the use of accessory dwelling units to single-family zoned areas.

 

“In an effort to explore options to help fill the shortage of affordable and age-friendly housing in Colorado Springs the City Planning and Community Development Department recently proposed an ordinance to expand the use of accessory dwelling units (ADUs) to some single-family zoned areas. Because the proposal has been met with some public concern City planners are slowing down the process to schedule additional City Council work sessions and allow council and city staff to consider and respond to resident comments.

As this proposed ordinance continues to evolve, it is important to provide some basic information about what it entails and how it would be implemented, if adopted.

Accessory Dwelling Units, or in-law units, are smaller secondary living areas on a residential lot or within the main home. ADUs have long been a part of historic neighborhoods and multi-family zoned areas in Colorado Springs and already serve to provide affordable housing options and housing for multi-generational families.”

 

Read more on The Colorado Springs Gazette here.

Apartment associations launch Housing4Colorado site

BizWest highlights the launch of Housing4Colorado.

 

“DENVER —  The Apartment Association of Metro Denver recently launched Housing4Colorado, a website that “provides various resources, housing news, and frequently asked questions to help Colorado renters or home seekers find attainable and suitable housing,” according to an association news release.”

 

Read more on BizWest here.

Luxury homes for lease provide single-family feel in a multi-family community in Commerce City

Denver7 covers new development of stand-alone rental properties in Commerce City.

 

“COMMERCE CITY, Colo. — Home prices in Colorado are still some of the highest in the country, but a new development in Commerce City is offering people an alternative. Avilla at Buffalo Run is made up of stand-alone rental properties. The property sits just east of I-76 near Brighton in Commerce City. It gives renters the feel of living in a single-family home in a multi-family community.

‘At the end of the day it’s a four-wall rental product,’ said Reed Ruck with Nexmetro Communities. ‘It creates community but still feels like a single-family home.’

Avilla just recently started taking rental applications. Veronica Mattorano was one of the first renters.”

 

Read more on Denver7 here.

Metro Denver landlords are learning how to manage their relationships with tenants under new laws

Denverite highlights the Apartment Association of Metro Denver’s annual trade show Apartmentalize.

 

“If the shocked, soft ‘ohs’ that greeted a prominent lawyer’s presentation were any indication, key details of laws governing tenant-landlord relations that emerged from this last legislative session were news to some.

Those moans were expelled after Mark Tschetter explained during a discussion Wednesday at the Apartment Association of Metro Denver’s annual trade show that tenants now can withhold some or all of their rent if they believe their landlords have failed to maintain safe, clean housing.

The change was part of the Safe & Healthy Homes Act that Gov. Jared Polis signed earlier this week. Proponents — including healthcare professionals and renters’ rights and affordable housing advocates — say the measure creates important protections for renters.  It was opposed on the grounds that it put too much burden on landlords by the apartment association and by Tschetter, who helped write a decade-old measure that was amended by the Safe & Healthy Homes Act.”

 

Read more on Denverite here.

Denver landlords create a website ‘to advance the conversation about solutions to housing’

This just in! Denverite covers the launch of Housing4Colorado.

 

“Metro Denver landlords have a new website they hope will help them communicate with tenants — and get their story out to policymakers.

Mike Holt, president of the Apartment Association of Metro Denver, launched the Housing4Colorado site Wednesday at his organization’s annual trade show, which drew some 2,500 apartment managers, leasing company executives and others to the Denver Mart.

The association developed the site along with Energy Outreach Colorado, Brothers Redevelopment, NOCO Rental Housing Association, Weld County Apartment Association, Family Homestead, Apartment Association of Southern Colorado and the Colorado Apartment Association. Holt, who also is regional vice president for apartment complex developer Legacy Partners, said the goal was to educate the public, support his industry and ‘put renters in a position of informational strength.'”

 

Read more on Denverite here.

Polis signs bills to aid renters, seniors and Coloradans with disabilities

Colorado Politics highlights a housing bill that will help seniors and people with disabilities stay in their home.

 

“Gov. Jared Polis signed three bills Monday to give renters more time to avoid an eviction and a rebate program for older Coloradans and people with disabilities.

The three were part of a sweeping package of legislation Democrats passed during the four-month session that ended May 3.

House Bill 1085 expands state grants for property tax and rent assistance by $150 a year, and $62 a year more to help pay heating bills for older and low-income residents, as well as people with disabilities.”

 

Read more on Colorado Politics here.

Colorado Resources

Gov. Polis signs bill requiring landlords provide safe, clean housing

FOX31 covers a housing bill signed into law by Governor Polis.

 

“DENVER — Gov. Polis signed a bill Monday that requires landlords provide safe, clean and healthy homes for their tenants according to state habitability standards and building codes. Under the “Safe and Healthy Homes Act,” if landlords fail to follow the standards, tenants can wait to pay their rent until the issues are addressed without fear of retaliation.

Polis says most landlords provide good homes for renters, but  ‘there are some cases where there needs to be intervention of the law where things are very unsafe for the tenant.'”

 

Read more on FOX31 here.

Our Partners

Polis signs 4 key affordable-housing bills into law

In recent news, Denver Business Journal highlights four affordable-housing bills signed into law by Governor Polis.

 

“Gov. Jared Polis on Friday signed a quartet of bills into law that represent the most significant steps that Colorado legislators took this year to addressing the state’s housing-affordability crisis.

The bills were among about a dozen bills that addressed housing in some form or fashion, ranging from a failed effort to allow local governments to impose rent-control measures to several measures that aim to help tenants by limiting housing-application fees or giving them more time to cure delinquent payments. House Speaker K.C. Becker, D-Boulder, had said they were part of a bigger-picture goal of easing the rising cost of living for working-class Coloradans.”

 

Read more on Denver Business Journal here.