Denver's affordable housing mandate will likely raise costs on everyone else

Article author: 
Christian Britschgi
Article publisher: 
Complete Colorado
Article date: 
12 July 2022
Article category: 
Colorado News
Medium
Article Body: 

As of July 1, developers in Denver will have to offer between 8 and 15 percent of the homes they build in developments of 10 or more units at below-market rates or otherwise pay into an affordable housing fund....

These kinds of “inclusionary zoning” ordinances are common across the United States. Nearly 1,000 jurisdictions have adopted some of form of them.  The Colorado legislature passed a bill earlier this year authorizing local governments to implement such schemes as a workaround to the state’s longstanding ban on rent control....

Research has shown that they raise overall housing costs...