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The City Council unanimously approved a zoning change for a project in the West Colfax neighbourhood. This project will see the development of a mixed-use, three-story building with 100% affordable housing units.
The project site, located at 4862 W. 13th Ave., currently houses a six-plex. While the existing zoning allowed for a three-story building with a footprint of 15,000 square feet, Denver's code restricts such structures on local streets. This technicality prompted the developer, listed as the 1757 Clarkson Street Trust which is part of The Blueprint Effect LLC, to seek a zoning change.
Following approval, the developer can now build up to 25 units on the lot. Importantly, every unit in this development, as well as a neighbouring building, will be designated as affordable housing available to those making 60% of the Area Median Income (AMI). This is more stringent than Denver's current requirement of 8-12% affordable units in developments with over 10 units.
Current residents of the six-plex can be assured they will have options. The developer plans to reach out to them first about the opportunity to rent the new affordable units once construction is complete.
This project directly addresses Denver's growing need for affordable housing. The city faces a shortfall of up to 50,000 units, according to the Denver Housing Authority. Councilwoman Jamie Torres hopes this project serves as an example for future developments, encouraging builders to go beyond the minimum requirements and create more affordable housing options.
While the development is still under review, its approval signifies a positive step toward meeting Denver's housing needs. This project prioritizes affordability and paves the way for similar initiatives in the future.
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