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Denver’s affordable-apartment program is finally ready to launch — smaller and later than Mayor Hancock first intended

Denver Mayor Michael Hancock makes his State of the City address in the gymnasium at the Hiawatha Davis Jr. Recreation Center on July 10, 2017, in Denver. He focused part of the address on affordable housing programs. When Denver Mayor Michael Hancock underlined the urgency of the city’s housing affordability crisis in a speech last summer, he declared: “Many residents need an affordable option today, not a year from now.” But that’s how long it will end up taking to launch the potentially innovative initiative Hancock announced with those words in July 2017. The plan then was to use taxpayer money to “buy down” the rents of vacant market-rate apartments… Read More

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