On the heels of a Denver Auditor report which harranges Denver Mayor Michael Hancock for pervasive mismanagement of the city's affordable housing program, Lisa Calderon, a Regis University professor and candidate for mayor tossed a tweetstorm.
"This audit revealed serious errors in the way the Office of Economic Development was running the program," Auditor O'Brien said. "Planning organizing monitoring activities could keep our already too small affordable housing supply from jeopardy."
According to the audit, the city has both overpriced and underpriced homes. Additionally, the Office of Economic Development was not properly determining income eligibility to ensure monthly housing payments were affordable. The agency also did not accurately collect fees from developers meant to fund affordable housing.
Affordable housing is defined as housing for which occupants pay no more than 30 percent of their gross income for housing costs. In the case of owned housing, this includes mortgage payments, taxes, insurance and homeowners' association dues.
THREAD. #Denver Auditor found that under the current mayor's watch, the OED mismanaged our city's affordable housing program. We need oversight & monitoring of planning activities to "keep our already too small affordable housing supply from jeopardy." https://t.co/OfdqqAbj0Z 1/
- LisaforDenverMayor (@Lisa4Denver) December 24, 2018
My housing agenda calls for: 1. #Equity for residents by giving the people of Denver more say over development in their neighborhoods through the establishment of Participant-Public-Private (i.e., community-government-corporation) Partnerships; 2/
- LisaforDenverMayor (@Lisa4Denver) December 24, 2018
2. #Fairness by requiring developers to include more affordable housing in new projects or to collaboratively partner with the city housing experts to expand affordable housing in existing projects; 3/
- LisaforDenverMayor (@Lisa4Denver) December 24, 2018
3. #Justice by redirecting resources back to base levels such as non-profit affordable developers, out network of shelter providers, and community led innovative solutions like the Beloved Community Initiative and the support for the Right to Survive Initiative. 4/
- LisaforDenverMayor (@Lisa4Denver) December 24, 2018
Just as important, I will also put in place independent monitoring and stronger enforcement of requirements to hold developers #accountable to their commitments. 5/
- LisaforDenverMayor (@Lisa4Denver) December 24, 2018
Safe, decent, & affordable housing impacts all aspects of health, jobs, neighborhood stability, child welfare, & educational outcomes. #ItsTime to do better for all Denver residents. 6/6
- LisaforDenverMayor (@Lisa4Denver) December 24, 2018
The Auditor also identified an instance where the Hancock administration took years to recover $1.5 million from a developer, years in which the funds could have been used for affordable housing.
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