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Webb Walks Plank Over Affordable Housing Plan

DENVER-Mayor Wellington Webb is taking a hard-line approach to Denver's affordable housing problem. His recommendations, in line with a city task force, meet staunch resistance from developers and civic leaders.

By John Rebchook | Updated on December 09, 2001

DENVER-Mayor Wellington Webb is supporting controversial recommendations by the city’s Affordable Housing Task Force that, among other things, requires developers of more than 30 units to sell at least 10% at affordable prices for buyers earning 80% of the area’s median income.

Many urban developers in Denver oppose the proposed ordinance. “This is a quick, easy fix on the public side and is very onerous for the private sector,” Jamie Fitzpatrick of the Denver-based Corum Group tells GlobeSt.com. He is looking to build a 230-unit project near Coors Field. The new ordinance, if adopted, would dramatically change the economics of the deal, he says.

Corum also has built far more than 1,000 affordable units in the ski resort areas of the mountains. “You have to look to see who is going to benefit from the affordable housing and that is the employers,” Fitzpatrick argues. “In the mountains, we receive broad-based subsidies from the employers to build affordable housing.”

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