UPDATE: New Fee for Affordable Housing Goes to Denver City Council Sept. 19

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A bill proposing a new development impact fee for a permanent affordable housing fund moved on to the Denver City Council Wednesday.Bill No. 625, proposed by Mayor Michael Hancock and Councilmembers Robin Kniech and Albus Brooks and advanced by the Denver City Council Safety, Housing, Education & Homelessness Committee, could address the need for affordable housing by creating a permanent fund in 2017.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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