Denver, CO
Buyers with ties to Denver neighborhood get priority in Five Points affordable condos
More opportunities for home ownership are coming downtown. Affordable condos are planned for Denver’s historic Five Points neighborhood. The upcoming project at 29th and Welton Street will transform an RTD parking lot into much-needed housing.
The new development is named after Hattie McDaniel, the first African American woman to win an Oscar, and will have 62 affordable units. It’s built in partnership with the city, RTD, Shanahan Development and Elevation Community Land Trust.
Stefka Fanchi, President and CEO of Elevation Community Land Trust, says their goal is to provide permanently affordable homeownership opportunities. Another development added more than 40 affordable condos to Five Points this year.
“We utilize the community land trust model,” Fanchi said. “This model emerged from the Civil Rights Movement in the late 1960s when a group of sharecroppers in the rural South, after being displaced for registering to vote, came together to purchase land communally. They built homes on this land but did not own the land itself. This model allowed them to secure housing while keeping the land under communal ownership.”
Elevation Community Land Trust maintains ownership of the land beneath their properties, which helps keep housing costs affordable. This structure ensures that the cost of land does not inflate the price of the home and that homes remain accessible to low- and moderate-income buyers even as they are resold.
Plans call for the ECLT to lease the land and ground floor community space to the homeowner’s association on a renewable 99-year land lease.
Buyers earning up to 80% of the median area income, or up to $71,900 for a single-person household and up to $92,400 for a three-person family, are eligible.
In what was one of the country’s fastest gentrifying areas, priority will be given to buyers with area ties through the Neighborhood Investment Program.
“Our goal is to create homes that allow families with historical ties to the community to return and become part of the neighborhood’s fabric again,” said Fanchi. “Either folks that currently live, work or have their children enrolled in school there, or whose parents or grandparents used to live there and were displaced.”
Elevation Community Land Trust is finalizing plans for this project, including securing tax increment financing through the Denver Urban Renewal Authority. This financing approach leverages the increase in property taxes generated by new homeowners to fund the development.
“It’s a unique approach to funding that allows us to build high-quality homes while ensuring affordability,” Fanchi said.
With the necessary approvals in place, groundbreaking could occur within the next few months, with construction expected to take between one to one-and-a-half years.
“We are hopeful that by 2026, we will bring over 100 new homes available in Five Points,” Fanchi said.
The Denver City Council on Monday gave final approval to converting the billing structure for Denver’s voter-supported sidewalk repair and construction program to a flat $150 for more than 95% of property owners next year, doing away with the highly variable billing approach outlined in the original measure.
Property owners with large lots will still pay more. The billing formula will add $3.50 per foot to the annual cost for any property with more than 230 feet of street boundary.
Semi-annual bills will start hitting property owners’ wastewater accounts in the first six months of 2025, officials say.
Watch our previous coverage in the video player below:
Denver sidewalk fee ordinance changes make it out of committee, head to council
The changes were among several amendments to the ordinance that the council preliminarily approved following a public hearing last week. Up for a final vote Monday, those changes passed unanimously again as part of the body’s consent agenda, signaling a lack of controversy.
Nick Williams, the deputy manager of internal and external affairs at the city’sDepartment of Transportation and Infrastructure, reiterated at the meeting that the sidewalk program relieves property owners of the responsibility for paying for the entirety of sidewalk work in front of their lots. That was the arrangement before voters overturned it in 2022.
Read the full story from our partners at The Denver Post.
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Sean Payton followed up his curious decision Sunday not to go for an onside kick in the Broncos’ loss to the Steelers with an equally perplexing explanation.
Speaking to reporters after the 13-6 defeat at home, Denver’s head coach elaborated on the decision to kick it deep with less than two minutes remaining in the fourth, as the Steelers ate up most of the time remaining on the clock to leave rookie quarterback Bo Nix just nine seconds to make magic happen.
“Yeah, we spent a lot of time going through it. Look, back and forth. We had plenty of time to discuss it, there was a player down. We felt like our odds… the long run on third down prior to them punting took about six seconds. We were hopeful to have about two or three plays before we went to the end zone,” Payton said, according to 104.3 The Fan in Denver.
Denver kicked a field goal to cut the lead to seven with 1:54 left, but didn’t think the chances of recovering an onside kick warranted the risk even though they only had one time out left.
“It was just weighing the odds versus recovering an onside kick,” Payton said. “Or getting the ball back with 26 seconds. So, we chose to kick off.”
Nix, the team’s 12th overall pick in this year’s draft, would close out the game with an interception to drop Denver to 0-2 on the season.
Fans then turned their attention to social media as the Payton pile-on was well underway.
“Sean Payton… down by 7 with 1:54 and one timeout decides to kick it deep,” X user @trentbets posted. “I’ve seen a lot of bad coaching decisions in my day, but this is up there.”
“I’ve officially removed my orange and blue glasses. The Denver Broncos are a really bad team and the coaching isn’t any better. Sean Payton is being out coached week in and out. We are low on talent and energy,” X user @kadenstaab wrote, adding, “I don’t have the answer. All I know is this sucks. Rock bottom.”
Denver is riding with Nix after a messy split with Russell Wilson earlier this year.
Wilson signed with Pittsburgh in March, and although he didn’t suit up Sunday amid a lingering calf issue, he was honored with a “petty game ball.”
“I think we all know Russ got kind of did dirty last year,” Steelers quarterback Justin Fields said postgame, according to ESPN. “So I know he wished he could have played today in this game, but it’s awesome getting a win for him. He got a petty game ball.”
The Broncos reportedly informed Wilson last fall that they would bench him if he didn’t waive the injury guarantee of his salary and ultimately followed through at the end of the year, sitting the quarterback for the final two games.
Denver’s decision to cut Wilson resulted in a dead cap hit of $85 million.
The Steelers host the Chargers next Sunday while the Broncos visit the Buccaneers.
DENVER, Co. (KDKA) — Russell Wilson didn’t take the field for the Steelers in his return to Denver but he still got a game ball, in this case referred to as a ‘petty game ball.’
The veteran quarterback signed with the Steelers this past offseason as a free agent after being released by the Broncos just two years into a five-year, $240 million deal and was poised to make a return start in Denver, but a calf injury sidelined those plans.
Justin Fields instead got his second straight start and led the team to a 13-6 win over the Broncos. After the game, Fields said spoke about Wilson’s time in Denver.
“I think we all know Russ got kind of did dirty last year,” Fields said. “I know he wished he could have played today in this game, but it’s awesome getting a win for him. He got a petty game ball. It’s great getting the dub for Russ.”
ESPN’s Brooke Pryor said Sunday that head coach Mike Tomlin often gives out ‘petty game balls’ to Steelers players who beat their former teams.
Fields added that that Brandon Johnson and Corliss Waitman each received one, as well.
The Steelers opened their season with two road games and came away with two wins. The team’s focus now shifts to the Los Angeles Chargers who will visit Acrisure Stadium on Sunday.
Kickoff is scheduled for 1 p.m. and you can watch the game on KDKA-TV.
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