DENVER BUSINESS JOURNAL - The Denver City Council has adopted a five-year policy, strategy and investment plan called Housing an Inclusive Denver after a year of public input and research.
The policy, adopted late Tuesday, aims to guide the city's affordable-housing investments to create and preserve strong neighborhoods that are accessible and affordable.
“The adoption of our plan is a milestone in our work to ensure safe, affordable and accessible housing for every Denver resident,” Denver Mayor Michael Hancock said in a statement Wednesday. “This plan will guide our future housing investments in a way that reflects our city’s values, especially when it comes to helping lift up those residents that need our support the most.”
In 2016, the City Council approved Denver’s first-ever dedicated housing fund of $150 million to support affordable housing creation, preservation and programs over a 10-year period. In total, OED invests more than $20 million in federal and local resources into housing development, preservation and programs each year, according to the plan's details.
