Denver City Council is considering a $6 million grant proposal that would go toward acquiring at least 62 homes over the next three years to be available for affordable homes
DENVER — High housing prices are making homeownership a distant dream for more Coloradans. But on Monday,
"We don't make money on our deals, we are a non-profit. But what we really like is helping to build inter-generational wealth, which so many folks have been shut out of recently," said Tiana Patterson, VP of Social Impact and Wealth Equity at ECLT. "The trade-off is you do a shared appreciation. You don't take all of the appreciation out of the home, but you do pass it on to someone else who can also access permanent affordability," explained Patterson.
ECLT puts private capital into the projects in addition to grant funding and subsidies from partners and local governments.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tracy Taylor is running for Auburn City CouncilFormer KIRO Newsradio traffic reporter and popular Seattle media personality Tracy Taylor is running for Auburn City Council.
Read more »
Austin City Council members expect 'litigation filed against us' over sweeping preemption lawAhead of a sweeping preemption bill taking effect in September, Austin City Council members have been meeting behind closed doors to discuss its implementation, telling CBS Austin they 'expect that there will be litigation filed against us.'
Read more »
Seattle City Council to consider instituting rent controlRent control could be coming to Seattle.
Read more »
Austin City Council takes on affordable housing, homelessness and police shortageAustin City Council member Mackenzie Kelly joined FOX 7 Austin to talk about the recent agenda items discussed in this week's meetings, including an affordable housing measure, homeless issues and the ongoing police shortage.
Read more »
Letters to the Editor: Expand the L.A. City Council or the L.A. County Board of Supervisors?One reader says a more pressing need than enlarging the L.A. City Council is enlarging the L.A. County Board of Supervisors. Another wants more focus on neighborhood councils.
Read more »
Austin OKs a one-year, $9.1 million contract to operate temporary homeless shelterThe Austin City Council is going forward with its plan to set up a temporary shelter for up to 300 people experiencing homelessness by the end of the month.
Read more »