By Danielle Kreutter | Denver7
Mile High United Way, BuildStrong Foundation and McKinsey & Company collaborated on the in-depth housing report
DENVER — A new report from Mile High United Way, BuildStrong Foundation and McKinsey & Company reveals that 51% of renters and 21% of homeowners in Colorado are cost-burdened. That means more than 30% of their income is spent on housing.
But after surveying 200 various stakeholders involved in housing in Colorado, the report brought to the table six potential solutions to address the problem.
- Read the full report in the embed below:
One solution was to improve plan review and permitting speeds. The report cited feedback that long redundant review processes can often delay projects.
“There are technology solutions now that we haven’t had in the past, so could you use AI to help you? Could you implement shared documents in places that you’re not?” said Katie Colton with BuildStrong Foundation.
Another suggests enabling innovative construction approaches. The report said that could include pre-approving accessory dwelling units and modular home models.
Denver7 took viewers inside of a modular apartment building that was under construction last Fall.