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City Cast Denver
The Mayor’s Big Idea for Affordable Housing, Explained
Aug 12, 2024
Mayor Mike Johnston, focused on tackling Denver's homelessness crisis, discusses his bold proposal to increase sales tax for affordable housing funding. Joined by Robin Kniech, an experienced city council member, they explore potential gaps in the plan and the necessity of ensuring it benefits those most in need. They also examine Denver's historical shortcomings in housing policy and how community movements have shaped the current landscape. Their conversation invites listeners to consider whether they would support the proposed tax hike.
25:04
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Quick takeaways
- Mayor Johnston's proposal to raise sales tax by 0.05% aims to generate $100 million annually for affordable housing in Denver.
- Concerns exist regarding the potential misallocation of funds, which may inadvertently favor luxury housing over support for low-income families.
Deep dives
Mayor's Proposal for Affordable Housing Financing
The mayor has introduced a proposal for a new sales tax aimed at financing affordable housing in Denver, suggesting a rate of five cents on every $10 spent. This sales tax is expected to generate around $100 million annually, potentially allowing for the construction of numerous housing units. However, the details of how these funds will be allocated remain unclear, raising concerns among residents regarding the effectiveness of this tax in directly addressing the housing crisis. Key questions focus on whether the funds will primarily support land acquisition and construction or also include financial assistance programs for renters and first-time homebuyers.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode