Affordable housing advocates are in favor of the plan— estimated to cost an average of $1,500 per new single-family home and hundreds of thousands of dollars for big residential or commercial projects — and said the Denver fees would be less than those imposed in other cities.
Some builders in favor of the plan told the Denver City Council’s Safety and Well-being Committee that charging developers a fee is a fair move because they benefit so much from the finished property, while some opponents suggested that 100% of the proposed affordable housing program be funded through the property tax increase.
