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“A land use change for a project that aims to bring hundreds of affordable housing units to the Northeast Park Hill neighborhood received the go ahead from the Denver City Council on Monday after it was postponed two weeks because of concerns.
The council rezoned two sites on just over 14-acres at 4050 Colorado Blvd., off Smith Road, to allow for development of up to 600 workforce and affordable housing units at full build out.” DBJ Oct 1, 2024
“Denver saw a flood of proposals for new development in recent weeks as the city’s new affordable housing policy loomed, leading to interesting patterns of potential construction.
Denver City Council approved long-awaited changes to the city’s affordable housing policy in June, and it caused a surge in development submissions to the city before the mandate went into effect on July 1.
As early as May, the month leading up to the vote, developers, engineers and architects submitted a total of 60 concept plans, the highest monthly number the city has seen in the last four years, according to the city planning department. In June, that number rose to a staggering 162 concept plans. The average number of plans submitted in June for the previous four years was just under 33, making June 2022’s total 395% above the prior average.” Denver Business Journal
“Denver Passes Pivotal Measure to Expand Housing Affordability. A public hearing on the proposed rules and regulations for the Expanding Housing Affordability ordinance will be held on Thursday, July 21 at 4:00 p.m. in Room 4.I.5 of the Wellington Webb Building (201 W. Colfax Ave., Denver, CO 80202). Rules and regulations lay out the administrative processes and requirements to administer and implement an ordinance.” For details on this new policy and to learn how to submit public comments by the deadline, visit the Denvergov website: Affordable-Housing-Project
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Haha…correction, I’ve lived in different cities in Colorado. While in college I lived outside the Denver-metra area. A few summers, as a teen, I did stay at my sister’s home in Montana.
1355 Ivy Street Denver CO 80220
It depends on how well you know your financial standing and how it relates to the guidelines of mortgage financing. Those who have a background in finance would undoubtedly be capable of pre-qualifying themselves without the help of a real estate broker or a loan officer.
Here are some of the benefits you’ll get when pre-qualifying.
1. You will know what your chances are of getting a mortgage loan.
2. You then have a good idea of your purchasing power, and with this knowledge, you’ll know what price range to shop.
3. If you are in a situation where many buyers are competing for the same houses, then a pre-qualification or pre-approval can put the odds in your favor to win over that seller. In other words, if a home-seller is looking at multiple offers, they’ll pick the one that looks best for them. In my years of experience, I’ve seen home-sellers more than once, take a lower-priced offer because that buyer had a stronger financial portfolio.
Tip. Know the difference between pre-qualifying and a loan pre-approval. A loan officer can sit down with you, ask questions about your finances and perform a pre-qualification, or put that information into a unique computer program that will generate your instant loan approval. The loan approval is always going to be subject to certain conditions.
If you’d like to know how to prepare for a meeting with a loan officer or ask questions about the process, we’re here to help you.