The following information provides background on the scope of the problem, research, and local and national resources.
Affordable Housing in Denver
Because it is the hub of the region and a major employment center, FRESC has a strong interest in maintaining and expanding low-income affordable housing in the City and County of Denver.
A profile of Denver by Enterprise Community Partners highlights just a few of the challenges Denver faces:
The median home price in metro Denver is more than $230,000. A family needs to earn at least $70,000 to afford that, yet two-thirds of Denver jobs pay less than $60,000 and the median family income in Denver County is $54,000.
One in nine Denver households, all of them low-income, pays more than 50 percent of their income on housing, often at the expense of other basic necessities such as food, clothing and health care.
The Mayor’s Commission to End Homelessness found that Denver needs 2,080 very affordable rental homes
September 2007: Low-income housing residents and advocates from Save Our Section 8 (SOS8) attend a Campaign for Responsible Development (CRD) rally to support community benefits including affordable housing at Union Station.
Need for Affordable Housing along Transit The Center for Transit Oriented Development estimates the Denver Metro region will face demand for 83,594 housing units near transit to serve households earning less than $50,000/year by the year 2030.
Affordable Housing Along Transit (Transit-Oriented Development)