New report blames bureaucracy, labor gaps for Colorado’s housing affordability crisis
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 ...