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Denver - Affordable Housing Print E-mail

Denver knows that safe and decent housing is the foundation for strong neighborhoods and a thriving economy. The city offers a full continuum of affordable housing options and supports a number of housing initiatives. Examples include: 

Housing Denver
This broad-based coalition of nonprofit organizations, businesses, and individuals was established to support the creation and preservation of housing affordable for low- and moderate-income residents. Housing Denver was launched in February 2003 with a simple goal -- to educate candidates for mayor, auditor, and city council about the importance of affordable housing to the economic and social vitality of the city. The initiative also informs citizens about the role city government plays in supporting affordable housing. The success of this initial effort encouraged Housing Denver members to continue working together as an advocacy-focused coalition. The coalition is committed to ensuring a range of affordable housing opportunities for Denver's lower-income workers, young families, single parents, seniors, disabled residents, and the currently homeless.

Colorado Housing and Finance Authority (CHFA)
CHFA’s mission is to increase the availability of affordable, decent, and accessible housing for lower-income Coloradans. It also aims to strengthen the state's economy by providing financial assistance to businesses. CHFA programs are funded through issuance of taxable or tax exempt bonds and from other secured resources. CHFA is not a state agency. Its bonds and notes are not obligations of the state of Colorado and are not repaid with tax dollars. CHFA is self-supporting and pays all operating expenses from its program revenue.

The City of Denver Housing and Neighborhood Development (HANDS)
As the administrator of HUD federal funds, Housing and Neighborhood Development, or HANDS, issues grants and loans to a number of housing developers and human service agencies to assist low-income residents with their housing needs. HANDS has written and supported city ordinances regarding affordable housing.  The ordinances declare the city’s public policy on affordable housing and address the issues of density and parking.

Stapleton Redevelopment – Workforce Housing
The homes for sale at Stapleton are only available for purchase by police officers, firefighters, teachers, nurses, and others with "workforce" incomes that fall below 80 percent of the metropolitan area’s median income.  TP Development LLC, a minority woman-owned development company, has built 80 condos, fourplexes, and carriage homes in Stapleton’s East 29th Avenue Town Center. The estimated price range of the homes ranges from $125,000 for a one-bedroom to $176,000 for a 3-bedroom home. Roslyn Court is part of an affordable housing program in which master developer Forest City has committed to reserve ten percent of Stapleton’s 8,000 for-sale homes with 30-year restrictions for purchase by individuals or households with workforce incomes. Those incomes range between $39,120 for a one- person household up to $55,920 for a four-person household.