Affordable housing has always been at the forefront of many urban and state-level debates. In a recent, commendable move, Colorado’s Governor Jared Polis signed an executive order to prioritize affordable housing in the state. Here’s a deep dive into what this means for Colorado residents.
Governor Polis’s decision revolves around an understanding that every Coloradoan should have access to affordable housing. This executive order aims to make housing more accessible for all, reducing the strain on those struggling to find a place to call home in an increasingly expensive housing market.
The order comes as the cost of housing in Colorado has been rising steadily in recent years. The median rent for a one-bedroom apartment in Denver is now over $1,500 per month, and the median home price is over $500,000. This has made it increasingly difficult for many Coloradans to afford housing, especially in the Denver metro area.
The Fun Begins
The executive order includes a number of specific measures to address the affordable housing crisis.
These include requiring state agencies to approve affordable housing projects within 90 days, down from the current average of 150 days, providing financial assistance to developers of affordable housing projects, prioritizing sustainable development near public transportation, and increasing access to homeownership for low- and middle-income Coloradans.
While the exact strategies and plans stemming from this executive order are yet to be detailed, this executive order will begin an engagement with local municipalities, builders, and stakeholders to create a roadmap for sustainable and affordable housing.
The order will begin a possible review and modification of existing housing regulations that might be hindering the growth of affordable housing options.
Governor Polis’s move isn’t just about shelter. It’s about creating stable communities, supporting economic growth, and ensuring a quality life for every resident. Affordable housing can lead to more vibrant communities, reduce commuting stress for workers, and provide a stable environment for children’s growth.
With the executive order now in place, all eyes are on the next steps. Stakeholders await a more detailed plan and timeline. The hope is that with effective implementation, this initiative will pave the way for more states to recognize the urgency and take similar actions.
Housing is a fundamental right, and the challenges surrounding affordability need urgent attention. Governor Jared Polis’s executive order is a welcome step in this direction, reflecting Colorado’s commitment to ensuring that every resident has a place to call home.
CLICK HERE to read more about the Executive Order
CLICK HERE TO READ AUGUST’S ISSUE
Gary Fleisher, the Modcoach, author
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