Denver City Council voting tonight on affordable housing policy.
that requires municipalities that adopt such policies to provide developers with opt-outs, such as allowing them to pay a fee in lieu of building the required affordable units.
To entice more developers into opting in rather than paying such a fee, Community Planning and Development has provided incentives, such as access to parking requirement reductions, commercial permit fee reductions and a linkage-fee exemption for the ground floors of mixed-use projects, which often feature commercial entities.
But there are some in Denver who believe council should go further to help provide housing for lower AMI levels. "Instead of using this opportunity to mandate real affordable housing, this opportunity is being wasted to protect the status quo," the organizationwrote in a June 1 email encouraging members of the public to testify at the June 6 public hearing."In this proposal, no housing is required to be built under 50 percent AMI. Our community, in most need of housing, is completely left out of this plan.
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