Learn More About Policies to Support Denver’s Very Low-Income Homeowners
The Urban Institute mentioned Elevation CLT as a solution to the challenging housing market facing very low-income Denver families, many whom are leaving because of escalating housing costs, in this follow-up article to its 2017 report, Denver and the State of Low- and Middle-Income Housing.
The article notes that Denver’s thriving economy is creating challenges for low-income homeowners, many of whom are leaving because of escalating housing costs in more affordable neighborhoods. Faced with higher property taxes, many families are taking the opportunity to sell their homes for significant financial gains and leaving the city.
To help stop this disruption, Denver is exploring a number of policies to promote very low-income homeownership, including community land trust models like ours.