As the home shortage in Denver and the Front Range continues to worsen, suburbs have also taken on the challenge of providing affordable housing.

Different municipalities have employed different strategies to tackle the problem.

In downtown Westminster, which is in the northwestern part of the Denver metro area, the city has set aside a number of units for low-income housing:

…at least 118 apartments at the heart of the marquee site will be open to people making anywhere from 30 to 60 percent of the area median income.

Englewood, in the southwestern part of the metro area, is considering, at the time of this article’s writing, a more innovative approach:

Englewood has been studying the idea of allowing accessory dwelling units — mother-in-law-style apartments or backyard garden cottages — to serve as compact homes for people.

In Golden, which is in the foothills and the western part of the metro area,

… city leaders recently approved a new set of “community housing policies” as part of its updated comprehensive plan that commits the city to using its resources to ensure that 30 percent of its total housing stock is affordable to households making up to 80 percent of area median income.

In Aurora, which covers the east and southeastern part of the metro area,

The Aurora Housing Authority, which owns 800 units across 16 buildings in the city, just embarked on the third and final chapter of the Village at Westerly Creek affordable housing project in August. Phase three will add 74 units and expand access to the complex beyond senior households to include families with children.

Read more about it in the Denver Post.

Questions about rates today, or about your specific situation regarding mortgage approval? Contact me today!