Golden’s workers can’t afford to live there but first-ever homeownership project offers hope

  • 📰 denverpost
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

On Tuesday night, Golden City Council took a small but hopeful step toward standing up the kind of home that a cop, a teacher or a firefighter can call their own.

Ninety-five percent of Golden’s workers don’t live in the city.

It’s a question city officials have been wrestling with for some time. The council unanimously voted to apply to the Colorado Department of Local Affairs for a $3 million grant to help finance a $65 million, 125-unit owner-occupied affordable housing project — the first of its kind in the city. The project, which is slated for a 5-acre parcel on South Golden Road currently occupied by an Xcel Energy facility, will target those making on average 80% of area median income. That means families earning around $90,000 a year could qualify for a unit.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meet The Candidates For Nury Martinez’s LA City Council SeatThe candidates include a city council staffer, two community organizers, the head of a housing nonprofit, and three people in private business.
Source: LAist - 🏆 606. / 51 Read more »