“Not the golden ticket”: Colorado Democrats may change Section 8 voucher rules

The Denver Post highlights the latest on Section 8 voucher rules.

 

“Royla Rice had the ingredients of a new life.

She’d finished her master’s degree in public administration. She was ready to move from a neighboring suburb to Colorado Springs for her career. And she had a housing voucher, an increasingly hard-to-find government benefit that helps people pay their rent.”

 

Read more on The Denver Post here.

FHA rule change regarding condo loans could allow more buyers to break into Boulder County market

The Denver Post covers a new FHA rule regarding condo loans.

 

“The Federal Housing Administration is making it easier for first-time condo buyers, often with less than perfect credit, to get mortgages.

The new condominium approval rule, which goes into effect Oct. 15, will help reduce regulatory barriers. For example, the new rule will allow certain individual condominium units to be eligible for FHA mortgage insurance even if the condominium project is not FHA approved. (The condo unit needs to be in a completed project for approval.)

The change introduces a single-unit approval process making it easier for individual condominium units to be eligible for FHA-insured financing. It also extends the recertification requirement for approved condominium projects from two to three years, and allows more mixed-use projects to be eligible for FHA insurance.”

 

Read more on The Denver Post here.

Lakewood puts an end to RV parking, shutting down makeshift solution to homelessness

The Denver Post covers a new measure that puts a stop to RV parking in Lakewood.

 

“Lakewood City Council unanimously passed a measure this week barring people from parking RVs or travel trailers on public streets anywhere in Lakewood, a restriction that had previously applied only to residential areas. The prohibition takes effect Oct. 26.

The measure effectively heads off a new front in the growing challenge of homelessness in metro Denver. Scott Shields, CEO of homeless advocacy organization Family Tree, said it’s the first RV encampment he has heard of in the area, and it illustrates the difficulties people are facing dealing with housing prices that have been on a tear over the past decade.”

 

Read more on The Denver Post here.

Home Buyers Can Get ‘Free Money’ For Down Payment

CBS4 covers a new housing program in Denver.

 

ENGLEWOOD, Colo. (CBS4) – Colorado home prices have sky rocketed, at the same time that wages have stalled, making it very difficult for many people to put together the money they need to buy a home. The City of Denver sponsors a program that helps fill that gap for qualifying home buyers. It’s called the Metro Down Payment Assistance program. Through a partnership with the Metro Mayors’ Caucus, they’ve expanded the program beyond Denver’s borders.

“Our Metro Down Payment Assistance program is a way to help homeowners to get some down payment assistance by increasing their interest rate just slightly,” explained Britta Fisher, Chief Housing Officer for the City of Denver.”

 

Read more on CBS4 here.

$20,000 per month for a penthouse? First look at Denver’s newest — and most expensive — apartment community

Denver Business Journal highlights Denver’s most expensive apartment complex.

 

“A new apartment community in Denver’s Union Station neighborhood is pushing the limits of luxury by offering what’s believed to be some of the most expensive units in the city when it opens later this year.

Pre-leasing recently started at The Pullman, a 13-story, 168-unit apartment community with ground-floor retail that’s located just down the street from Union Station. With rents starting at $2,785 per month for 819 square feet, averaging between $4,200 and $7,500 for most units, and increasing all the way to $20,000 for one of its four penthouses, the development was designed for Denver’s more discerning — and wealthy — renters.”

 

Read more on Denver Business Journal here.

About Us

How Denver’s homelessness and housing crisis parallels what’s happening in Rio’s favelas

Denverite covers homelessness and the affordable housing crisis in Denver.

 

“Hearing about the experiences of disenfranchised neighbors in Rio de Janeiro, almost 6,000 miles from her home, reinforced a Denver urban planner’s desire to get her own city thinking as broadly as possible about how to address housing challenges.

The visiting planner, Theresa Williamson of Rio, also came away from a discussion at the Biennial of the Americas, Denver’s every-other-year festival of culture and conversation, intrigued by the parallels between her hometown and Colorado’s capital.”

 

Read more on Denverite here.

City Council hears public comment on Airbnb regulations, to vote in two weeks

KRDO covers the topic of Airbnb regulations in Colorado Springs.

 

“COLORADO SPRINGS, Colo. – After months of discussion, we thought the Colorado Springs City Council was prepared to have its first vote Tuesday on new regulations for Airbnbs, also known as short-term rentals.

Instead, the council heard two hours of public comment and scheduled a vote for its next regular meeting in two weeks.”

 

Read more on KRDO here.

Developer Holland proposes apartment complex along Santa Fe Drive

BusinessDen covers plans for a new apartment complex on Santa Fe Drive.

 

“A multifamily developer currently building large complexes along South Broadway and Speer Boulevard is eyeing Santa Fe Drive.

Washington-based Holland Partner Group, which according to its website owns 15 apartment complexes in the Denver area, last week submitted an early-stage development proposal to the city for a 203-unit project along the corridor in Lincoln Park.

The project would consist of two five-story buildings on the southern end of the 1000 blocks of Santa Fe Drive and Inca Street.”

 

Read more on BusinessDen here.

The leasing vs. owning decision in today’s market

Colorado Real Estate Journal compares leasing to owning in today’s housing market.

 

“For office tenants that have had to stomach increasing lease rates, which are up a staggering 38% in metro Denver since they bottomed out in 2010, the idea of owning their own building or condo is intriguing. Couple that with low interest rates becoming a recurring topic in the news and tenants may want to investigate purchase options to some degree before signing up for a long-term renewal.

What they will find is owner-user buildings and office condos in metro Denver also have hit an all-time high average sale price. What are the dynamics of buying in the current market and how should that decision-making process be navigated?”

 

Read more on Colorado Real Estate Journal here.

To keep people in their homes, this arm of Denver’s government uses the same list predatory lenders use to uproot them

Denverite covers how NEST is helping people with housing issues.

 

“She’s a doctor who makes house calls.

Irene Aguilar also heads a city task force charged with fighting displacement. She and other city officials were knocking on doors in East Colfax this week offering advice on how not to get scammed by unscrupulous real estate speculators. In a way, the canvassing was about health, Aguilar said.”

 

Read more on Denverite here.