“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