By Noah Festenstein | Denver Gazette
As Denver pushes for more “affordable” housing, experts wonder if the city’s approach is sustainable and question whether it aligns with today’s market needs.
Denver Mayor Mike Johnston’s goal for 2025 to “preserve” or help in the development of more than 3,000 such units.
Denver worked with developers last year to build 1,695 new units, preserve 649 existing ones and create 678 others through rental subsidies “to ensure affordability,” according to Department of Housing Stability (HOST) spokesperson Julia Marvin.
“The challenge this year,” Marvin said, “lies in being creative with the funding we have. It’s important that we get creative in our solutions, both for funding and for execution.”