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Posted by Todd Rubick on
Denver's affordable housing ownership program is specifically designed to help qualified, modest-income residents own safe, affordable condos and houses. It is delivered based on the important premises of the Denver Inclusionary Housing Ordinance (IHO) which was in place prior to Denver's establishment of its Dedicated Fund for Housing. Although the IHO will not be in effect after January 1, 2017 for new and future construction, many affordable for-sale units in Denver are still protected by long-term convenants that the IHO helped create.
LEARN MORE: A good place to start would be with our frequently asked questions for people interested in purchasing an affordable unit. This will provide details about the income verification process that is required. The city has made several important policy changes to this income verification process, summarized here.
OTHER STAKEHOLDERS: There are also FAQs available for the current owner of an affordable unit, developers and builders of affordable units, and real estate professionals who work in the affordable housing industry.
COUNSELING: Before you can purchase an affordable unit, you will need to complete a homebuyer counseling program.Here is the list of centrally located nonprofit organizations who provide the housing counseling that you must complete. There are other approved providers throughout the metro area as well.
Demand for affordable units to buy greatly exceeds available supply, and we work hard to complete applications for income verification on a priority basis. If you can't find the information here that you're seeking, inquiries can be sent to email@example.com or by calling 720-913-1634.
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