Denver’s $150M affordable housing plan highlights stepped-up strategy
Denver Post - 08/30/2015
For cities, addressing the affordability challenge is a tough task that requires innovation, said Barry Bluestone, director of the Kitty and Michael Dukakis Center for Urban and Regional Policy at Northeastern University in Boston.
“My perception,” he said, “is that the pressure has grown so dramatically since a decade ago, when we had the housing collapse, that it’s a priority of mayors to solve this problem before their cities become hollowed out and have only the very rich and the poor left living there.”
Denver’s plan would expand upon the traditional federal funding and tax credits that long have provided most of the support available to developers of affordable housing projects, though those still would come into play.