Home tour focuses on backyard apartments, carriage houses, other accessory dwelling units

Denver7 highlights the use of ADU’s in Denver.

 

“DENVER — Whether you call it a carriage house, a garage apartment or a mother-in-law’s home, accessory dwellings units, or ADUs, are growing in popularity.

Some people use them for family members, others build them for rental income.

In Denver, about 20 percent of neighborhoods allow ADUs. Other cities are also looking at approving ADUs as a way to add more housing.”

 

Read more on Denver7 here.

3 years and 20,000 volunteers later, Metro Denver Habitat for Humanity completes its largest new affordable housing development

Denverite covers Habitat for Humanity’s new affordable housing project.

 

“Habitat for Humanity of Metro Denver calls Sheridan Square the largest new development in its 40-year history.

Hawa Haji and her family call their house along Sheridan Square’s narrow, quiet streets her father’s legacy.

Last September, Haji’s father Mohamud Fai died of a stroke at the age of 50, about a month after moving into the home he helped build.”

 

Read more on Denverite here.

Developer proposes new apartments near Art District on Santa Fe after buying warehouse

Denver Business Journal highlights plans for a new apartment complex in the Art District on Santa Fe.

 

“A developer hopes to build an anchor project near the Art District on Santa Fe after purchasing an entire city block there this week.

Westside Investment Partners on Monday closed on 50 S. Kalamath St. for $16.5 million, according to property records. The 6.5-acre site includes an empty, 214,991-square-foot warehouse that was owned by RealTerm Logistics, of Annapolis, Maryland, and two parking lots nearby.

Andrew Klein, president and founder of Westside, told Denver Business Journal he hopes to have that area rezoned this year so that he can build an apartment complex five stories tall. That section of the Baker neighborhood is currently zoned industrial, he said.”

 

Read more on Denver Business Journal here.

Maintenance Mania Championship

This just in! FOX31 highlights the National Apartment Association’s Apartmentalize conference.

 

“DENVER – For some, being a maintenance professional isn’t just a way to make a living, it’s a way of life. Some of these pros take their skills to the next level, tackling tasks with speed and precision that make maintenance work look more like a sport. Thus Maintenance Mania was born—a national competition that brings together the fastest, most skilled maintenance professionals to vie for the ultimate recognition as the best maintenance pro in the country.”

 

Read more on FOX31 here.

Home affordability study offers glimmer of hope to Denver buyers

The Denver Post covers how housing affordability is improving in the Denver metro area.

 

“Housing affordability is improving this year in metro Denver, enough to give buyers a little bit more breathing room in terms of the income they need to show lenders, according to a study from Canadian real estate brokerage Zoocasa.

Zoocasa estimates that someone buying a home at the median price in metro Denver of $370,000 in April would need $64,284 in income to qualify for a mortgage, assuming a 20 percent down payment and an interest rate of 4.5 percent on a 30-year loan.

study in March based on year-end numbers showed the median home price at $375,000 in metro Denver required a household income of $65,148 to qualify for a 30-year loan”

 

Read more on The Denver Post here.

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Aurora Teams Up With Land Trust To Develop Affordable Housing

CBS4 covers plans to create more affordable housing in Aurora.

 

AURORA, Colo. (CBS4) – The City of Aurora is working on creating more affordable housing options to balance out expensive home prices in the Denver metro area.

Aurora partnered with Elevation Community Land Trust. It will work on building homes for people living at or below 80% of the area median income.”

 

Read more on CBS4 here.

Exclusive: Developer wants to build a ‘kaleidoscope in the sky’ with 1,300-unit Denver apartment tower

In recent news, Denver Business Journal highlights plans for a new apartment building in Denver.

 

“A developer from Boulder is under contract for a parking lot that sits on half of a city block in Denver’s Central Business District and has tentative plans to construct a colorful apartment tower on it that would stand out amongst neighboring buildings.

Michael Eisenstein, founder of Land Capital LLC, exclusively told Denver Business Journal his plans for 1901 Arapahoe St., a high-revenue-generating parking lot on the border of Denver’s Central Business District and Union Station neighborhood. Last week, Eisenstein went under contract for the lot currently owned by Paradise Investments, allowing him to purchase it for about $28 million within 180 days. He expects to close on it by year’s end.

He has two options for the site. One, keep it as a parking lot, which could be attractive to investors, he says, because the lot’s annual revenue has grown 12% annually for the past several years as smaller neighboring lots are developed into new buildings, ramping up demand.”

 

Read more on Denver Business Journal here.

Denver City Council holds final vote on new Sloan’s Lake development

Denver7 covers housing development plans near Sloan’s Lake.

 

“DENVER — City council held a final vote Monday night on a proposed 16-story luxury high rise near Sloan’s Lake.

The development is currently called The 17th & Newton Community Project, which sits at the southeastern corner of Sloan’s Lake. The developer, Zocalo, plans to construct a mix of luxury and affordable units. The measure passed 10-1 in Denver City Council late Monday, indicating that the project can move forward.

But some neighbors say it’s too much and would contribute to overcrowding in an area of town already experiencing explosive growth.”

 

Read more on Denver7 here.

Denver council approves affordable housing, 16-floor tower near Sloan’s Lake

The Denver Post highlights approval for affordable housing development near Sloan’s Lake.

 

“Zocalo Community Development won permission to build 320 apartments and condos at the southeast corner of Sloan’s Lake.

Known as 17th & Newton, it would include one of the tallest buildings in the fast-developing West Colfax neighborhood — and a rare cluster of affordable homes in central Denver.”

 

Read more on The Denver Post here.

Lakewood voters to decide on housing growth cap

Denver7 highlights the Strategic Growth Initiative in Lakewood.

 

“LAKEWOOD, Colo. — As our Colorado continues to grow and transition, some communities are trying to push back against that growth.

Tuesday, July 2 Lakewood will hold a special election to decide on the Strategic Growth Initiative, also known as Question 200.

The initiative would cap new housing construction at 1% and require city council approval for larger projects.”

 

Read more on Denver7 here.