Why would a developer spend money to make affordable housing attractive? Limited financial risk.
“Denver hit a milestone on Wednesday, opening it’s 3,000th affordable housing unit in the last four years. Mayor Michael Hancock has a ‘3×5 Initiative’ to open 3,000 affordable housing units in five years. He hit that mark one year early with the ribbon-cutting of the Ash Street Apartments at 11th Avenue and Ash Street, … [Read more…]