Remember the 2019 municipal elections in Denver?

Housing Post Screen Shot 2019-10-24 at 11.17.09 AM

Who could forget it? It was long, occasionally nasty, and didn’t end the way many people wanted.

But during that election campaign, Denver Mayor Michael Hancock said his administration would create an agency devoted to housing issues. This was six months ago. One could have considered it something like the cliché of rearranging the deck chairs on the Titanic, or take it seriously.

Seriously it is: As of yesterday, the new department, Housing Stability, is real. To learn more about it – after all, the last time I read about this was months ago — below is a link to a story in Denverite that explains what this agency is set up to do.

Here’s how the story begins:

“Mayor Michael Hancock signed an executive order Wednesday establishing Denver’s newest department, one that he pledges will better coordinate housing policy in a city struggling to transition people experiencing homelessness to stability and to safeguard and build on a stock of homes that moderate and low-income residents can afford.”

Another link below leads to a story in today’s Denver Post on the reality that when rents drop, the construction in that sector could drop off. Here’s where we need a mathematician, but since about every other day in many publications here (and other parts of the country), there are stories about rents going down, rents heading up, etc. It gets to be dizzying.

The photo above was attached to the Post story, which began like this:

“The average cost of rent in the Denver area ticked down a shade in recent months but market watchers are sounding the alarm that declining construction activity could upend the market and send prices skyward once more.”

Yeah, that sort of happens. We need to find a level that is good for everyone. That’s why Housing Stability is a name that may very well fit.

https://denverite.com/2019/10/23/denver-just-got-a-housing-department/?mc_cid=4ec2fb4ad2&mc_eid=41cc6690bf

Denver area rents drop, but experts are concerned about slowing construction

 

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