City approves ambitious affordable housing project near transit

In a recent government meeting, discussions centered on a proposed rezoning application aimed at increasing affordable housing in a transit-oriented area of Denver. The Planning Board unanimously approved the application, emphasizing its alignment with multiple city plans, including the Comprehensive Plan 2040 and the Hilarious Swansea Neighborhood Plan.

Supporters of the rezoning highlighted the critical need for affordable housing, particularly in proximity to light rail services. The proposed development is set to include eight stories of housing, which, while below the maximum height recommendation of 12 stories for the area, is seen as a significant step towards increasing density and providing more housing options.

The rezoning application underwent a thorough review against five criteria outlined in the Denver Zoning Code. Key points from the review included the need for a diverse mix of housing options and the importance of developing near transit services. An Equity Analysis conducted on the site revealed moderate access to opportunities, with concerns about food access and higher rates of child obesity in the area. The analysis also indicated a high risk of displacement due to the area's demographic characteristics, including a significant percentage of renters and lower median incomes.

The applicant plans to incorporate affordable housing into the development and has been accepted into the city's affordable housing review team. They intend to apply for funding through the Colorado Housing and Finance Authority (CHFA) to support this initiative.

The meeting also addressed the broader implications of the development, including its potential to enhance community amenities and job diversity in a region characterized by industrial employment. The proposed project aligns with city goals to foster mixed-use communities where residents can live, work, and play, particularly in areas designated as community centers.

Overall, the discussions underscored a commitment to addressing housing affordability and accessibility in Denver, particularly in areas well-served by public transit.