The city of Denver has a new five-year housing plan, but the details of housing spending will still play out during an annual process.
Jon Murray reports: "The Denver City Council approved a long-debated affordable housing strategy plan Tuesday, but lingering disagreements over its details will influence budget debates in coming years."
The plan sets a spending strategy for a $150 million fund generated in the coming years through property taxes and development impact fees. The nitty gritty of the plan will be determined on an annual basis through annual housing action plans, which the council doesn’t approve but can influence, according to Murray. "The uncertainty over year-to-year program spending comes amid a shakeup in the administration on housing policy, with the mayor’s chief housing policy coordinator departing after a year in the job," adds Murray.
The article includes more details on the politics and advocacy surrounding the new "Housing an Inclusive Denver" [pdf] plan, as well as the funding challenges facing any effort to improve the city's affordable housing stock. Murray provided additional coverage of the plan in September 2017.
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