The Blog

Three months after the newly released housing ordinance, the Apartment Association of Metro Denver is showing a negative trend in commercial multifamily development. Applications for commercial multifamily development have dramatically fallen by 88% following Devner’s new affordable housing ordinance. While the goal of the ordinance was to help further the development of new multifamily housing, many experts warned of the opposite effect. It seems now, Denver’s Affordable Housing Ordinance is scaring away commercial multifamily development.

Denver is home to many superstars and athletes, and just south of the city is a well-known neighborhood called Cherry Hills. The Cherry Hills neighborhood has homes for people of interest such as John Elway, Nuggets center Nikola Jokic, and Rockies player Kris Bryant.

When walking through the neighborhoods of Denver, you may have noticed some of the sidewalks are more treacherous than others. There is definitely a varying degree of quality and upkeep for this pedestrian pavement. Up until now, it has actually been the homeowner’s responsibility to maintain and improve the sidewalks of the neighborhood. But now, Denver’s sidewalks have changed hands in management and control but still at the cost of homeowners. This is a benefit in many aspects, especially for property owners who were looking to build or make improvements to their homes.

It seems the trending interest in Accessory Dwelling Units is expanding past the Denver Metro Area. Arapahoe County is now proposing a new zoning regulation that would allow accessory dwelling units, or ADUs, in unincorporated neighborhoods. The decision could be coming as soon as the Summer of 2023.