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League of Women Voters November 18, 2014.  Housing mix (about 50% of housing is owner- occupied)  Median rents  Median home prices  Incomes by neighborhood.

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Presentation on theme: "League of Women Voters November 18, 2014.  Housing mix (about 50% of housing is owner- occupied)  Median rents  Median home prices  Incomes by neighborhood."— Presentation transcript:

1 League of Women Voters November 18, 2014

2  Housing mix (about 50% of housing is owner- occupied)  Median rents  Median home prices  Incomes by neighborhood and proximity to restricted housing

3 Single Family Detached Single Family Attached Duplex Triplex Fourplex 5 to 19 units 20 or more units Total Housing units 46%8%6%14%25%283,659

4 Median rents DenverAdams County Arapahoe County Boulder/ Broomfield Jefferson County All$1056$963$1007$1194$1036

5 Median home price DenverAdams County Arapahoe County Boulder County Jefferson County 2000$170,000$163,500$170,000$237,000$195, /2013$269,000$195,000$225,000$345,000$253,000

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7  Guiding Principles  Affordable housing as an economic driver  Continuum of affordable housing  Eight priorities in the plan

8  Access to decent affordable housing is a fundamental need  People should have the ability to live in the community in which they work and serve  Denver residents should have a range of housing options across income levels and neighborhoods

9  Critical Needs  Up to 30% AMI Single-person household  income up to $16,100  Workforce Rental  30-80% AMI  Single-person household income up to $42,960  Workforce Ownership  % AMI  Single-person household income up to $64,440

10  Affordable & Workforce housing plays a critical role in growing our local & metro economy  Availability of safe, secure housing within a reasonable distance of work is a primary concern of employees and employers  Businesses cite workforce housing availability as a top decision criteria for their location  Housing brings new customers to neighborhood retailers & restaurants  Housing investments creates construction jobs

11  Priority 1Increase Housing Resources  Priority 2Revise and Articulate City Funding Process  Priority 3Reduce Regulatory Burden of Subsidized Housing Development  Priority 4Provide Additional Critical Needs and Homeless Housing  Priority 5Increase Housing Diversity  Priority 6Preserve Workforce and Critical Needs Housing  Priority 7Provide Greater Home Ownership Opportunities  Priority 8Encourage Sustainable Housing Development

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15  Steady reductions in Federal funding for affordable housing; may continue  Popularity of some neighborhoods raises prices  Compared to region; Denver prices high but percentage of lower income is higher in Denver  BUT  Adding affordable units near stations and along bus routes addresses overall affordability  City supporting affordable housing with General Fund funding  City priority and active non-profits

16  Address in citywide and small area plan  Coordination/participation (e.g. helped develop TOD fund)  Coordinate with DHA and OED (e.g. worked with DHA on 10 th and Osage station plan and subsequent Mariposa development)  Zoning code (e.g. adding ability in some neighborhoods to do ADU’s, reduced parking requirements for affordable housing)  Process developments including affordable

17 Housing Denverwww.denvergov.org/housing Transit Oriented Denverwww.denvergov.org/cpd Blueprint Denver; Land Use & Transpowww.denvergov.org/blueprintdenver Comp Plan; how we plan; small area planswww.denvergov.org/cpd

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