The City and County of Denver is rolling up its sleeves to tackle the housing affordability crisis head-on with a recent call for proposals. Acknowledging the dire need for affordable living spaces, the Department of Housing Stability (HOST) has put out a Request for Proposals (RFP) with a rather ambitious goal. They are looking to lay the groundwork for the creation and preservation of thousands of affordable homes over the next five years, a move that is both strategic and affirms the city's commitment to keeping Denver accessible to its residents.
Denver's leadership, spearheaded by Mayor Mike Johnston, seems to understand the gravity of the moment. "Denver's lack of affordable housing is a solvable problem, and we are the ones to solve it," Mayor Johnston explained, as reported by the City and County of Denver. This proactive approach isn’t just about putting a roof over heads; it’s also a statement about fostering community and ensuring that "hard-working Denverites can afford to stay in the city they love."
Developers interested in partnering with the city will be scrutinized to ensure they're up to task. Both nonprofit and for-profit development heavy hitters are invited to apply, and if they cut, they’ll join a roster for potential site-specific 'mini-bid' opportunities. These mini-bids will outline the specifics for various city-owned properties. According to the City and County of Denver, proposals must align with HOST's strategic plan and include an emphasis on racial equity, innovative construction techniques, and sustained community engagement.
The submission deadline is firm: June 10, by 5 p.m., with HOST planning to issue Letters of Award by the end of June. Potential opportunities span diverse projects, from purely affordable housing developments targeted at those earning 60% or below the area median income (AMI) to a mix of middle-income housing and commercial spaces. The city is laying the groundwork and calling upon qualified developers to help them erect the framework for a city where the economic diversity of its residents is mirrored in the very buildings they inhabit.
