Watch CBS News

Mayor Signs Off On Plan To Double City's Affordable Housing Fund

DENVER (CBS4) - Denver Mayor Michael Hancock signed off on two measures on Tuesday which tackle affordable housing. Both passed unanimously during Monday night's city council meeting.

DENVER AFFORDABLE HOUSING 5VO.transfer_frame_254
Denver Mayor Michael Hancock signs bills to tackle affordable housing. (credit: CBS)

Part of the plan is to double the city's dedicated affordable housing fund from $15 million to $30 million annually. Some of that comes from retail marijuana tax revenue.

affordable housing denver generic apartments (3)
(credit: CBS)

Supporters say the bills will help with around 6,000 affordable homes over the course of five years.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.