Among the most universally agreed-upon approaches for increasing rental housing affordability is increasing rental housing supply. A recent study by CoStar underscores this point: in American cities where rental housing supply increased by 3% in a given year, average rents fell by 2-3%.... Continue Reading
The Ives 4470 Wadsworth Boulevard, Wheat Ridge Income Restrictions: 25 units have Project Based Vouchers (PBV) and are restricted to 30% to 50% Area Median Income (AMI). The remaining 25 units are restricted to 60% AMI. Located along Wadsworth Boulevard, one of the main thoroughfares in... Continue Reading
This past summer, millions of people added the term “Atmospheric River,” to their meteorological lexicon. Just one of these flowing columns of condensed water vapor, gliding 10,000 feet overhead and extending over 2,000 miles long, can have an average flow rate 15 times greater... Continue Reading
This week, the Apartment Association of Metro Denver (AAMD) released the 2023 First Quarter Vacancy & Rent Report for Metro Denver. The average vacancies and apartment rents remained very flat for the first quarter of 2023. Vacancies remained at 5.6%, the exact same as last quarter. Rents... Continue Reading
To say Housing Credit compliance is difficult would be an understatement. There is so much to learn, comprehend, and execute and the rules are just plain complicated. Add in the state-specific rules, numerous gray areas, and the likelihood of other programs being on your property, and you have the... Continue Reading
When a property fails a REAC Inspection, the property owners and managers often take it personally. It can feel like a gut punch, and often the initial response is defensive. A defensive response is entirely normal; it’s even human. However, this response often gets property owners in... Continue Reading
At any given time, Low-Income Housing Tax Credit (LIHTC) properties all over the country are helping tens of thousands of households by providing decent, safe and sanitary affordable housing. A property can continue to do so if the responsible management professionals follow the basic rules of... Continue Reading
Affordable housing has been one of the hottest political topics in Colorado during the last decade. At the root of the issue has been massive population growth (particularly between 2013 and 2017) with lagging production of new housing units. The economic upheaval caused by virus related business... Continue Reading
