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Buyers with ties to Denver neighborhood get priority in Five Points affordable condos

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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.

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CBS


 
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.

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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.

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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.

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“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.



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Denver, CO

Jokic and Denver take on the Knicks in non-conference play

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Jokic and Denver take on the Knicks in non-conference play


Associated Press

New York Knicks (9-7, fourth in the Eastern Conference) vs. Denver Nuggets (9-6, fifth in the Western Conference)

Denver; Monday, 9 p.m. EST

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BOTTOM LINE: Nikola Jokic and the Denver Nuggets host the New York Knicks in a non-conference matchup.

The Nuggets have gone 5-3 at home. Denver ranks sixth in the Western Conference with 12.0 offensive rebounds per game led by Jokic averaging 4.4.

The Knicks are 4-5 in road games. New York ranks seventh in the Eastern Conference allowing only 112.4 points while holding opponents to 47.3% shooting.

The Nuggets are shooting 47.8% from the field this season, 0.5 percentage points higher than the 47.3% the Knicks allow to opponents. The Knicks average 14.3 made 3-pointers per game this season, 1.2 more made shots on average than the 13.1 per game the Nuggets allow.

TOP PERFORMERS: Michael Porter Jr. is averaging 18.6 points and 7.1 rebounds for the Nuggets.

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Jalen Brunson is averaging 25.1 points and 7.4 assists for the Knicks.

LAST 10 GAMES: Nuggets: 7-3, averaging 118.4 points, 45.5 rebounds, 31.6 assists, 8.7 steals and 4.8 blocks per game while shooting 49.7% from the field. Their opponents have averaged 112.7 points per game.

Knicks: 6-4, averaging 120.3 points, 42.9 rebounds, 29.9 assists, 6.7 steals and 4.1 blocks per game while shooting 50.5% from the field. Their opponents have averaged 114.5 points.

INJURIES: Nuggets: Aaron Gordon: out (calf), DaRon Holmes II: out for season (achilles), Vlatko Cancar: out (knee).

Knicks: Precious Achiuwa: out (hamstring), Miles McBride: day to day (knee), Mitchell Robinson: out (ankle).

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.




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Denver, CO

NBA Legend Proposes Cam Thomas-Denver Nuggets Deal

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NBA Legend Proposes Cam Thomas-Denver Nuggets Deal


Could the Brooklyn Nets’ No. 1 scoring option team up with a two-time league MVP?

According to Paul Pierce, it’s possible.

On a recent episode of “Ticket & The Truth,” the former Boston Celtics star suggested a move from Brooklyn to the Denver Nuggets for Cam Thomas to provide the 2023 NBA Champions with a depth boost.

“Alright, let me put my GM hat on,” Pierce said. “I think right now, for Cam, I’d like to see him off the bench for Denver. …Because they need that spark plug off the bench.”

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He may want to take that hat off.

The Nuggets do not have an asset they’d be willing to part ways with that would entice the Nets enough to move off of a 23-year-old who’s turning in over 24 points per game. And even if Denver were to offer a king’s ransom of draft capital, as long as Nikola Jokic is healthy a Nuggets’ choice will never hold much value.

Oct 29, 2024; Brooklyn, New York, USA; Brooklyn Nets small guard Cam Thomas (24) shoots the ball against the Denver Nuggets during the second half at Barclays Center. Mandatory Credit: Gregory Fisher-Imagn Images / Gregory Fisher-Imagn Images

When reports suggested Thomas could be available in negotiations, they didn’t mean Brooklyn was looking to give him away. The return would have to warrant the transaction, and a hypothetical package consisting of Christian Braun and two first-round picks (no offense Christian) won’t be enough to entice Sean Marks.

The Nets shouldn’t look to move Thomas until a can’t-say-no deal emerges. Until then, let him continue to drop nearly 25 a night on the opposition and revisit any potential thoughts of trading the electrifying scorer at February’s deadline.

Want to join the discussion? Like Nets on SI on Facebook and follow us on Twitter to stay up to date on all the latest Nets news. You can also meet the team behind the coverage.

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Who is Mike Johnston? Denver mayor dares Donald Trump over mass deportations, expresses willingness to go to jail

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Who is Mike Johnston? Denver mayor dares Donald Trump over mass deportations, expresses willingness to go to jail


Mike Johnston, the Democrat mayor of Denver, has stated that he will urge citizens to oppose the mass deportations of migrants that President-elect Donald Trump has planned in Colorado. This comes as local authorities in “sanctuary cities” have started organising how to handle the issue.

Mike Johnston, mayor of Denver, Colorado, stated that he is prepared to serve time in prison in order to halt any attempts at deportation.(Bloomberg)

Speaking to Denver’s station 9, Johnston, 50, stated that he is prepared to serve time in prison in order to halt any attempts at deportation.

Calling it a “Tiananmen Square moment,” the mayor of Denver has pledged to use local police and 50,000 citizens “stationed at the county line” to protect migrants residing in his sanctuary city from Trump’s mass deportation.

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“More than us having [federal agents] stationed at the county line to keep them out, you would have 50,000 Denverites there,” he stated.

“It’s like the Tiananmen Square moment … right?” Johnston asked, making a reference to the well-known conflict between a Chinese student and a government tank at Tiananmen Square, China, during the 1989 uprising.

“You’d have every one of those Highland moms who came out for the migrants,” he continued, adding that “And you do not want to mess with them,” recalling the time when Denver people were reportedly ready to fight the federal government to the death.

Mike Johnston faces flak for his warning

Danielle Jurinsky (R), a councilwoman for Aurora City, told The Post that Johnston’s strategy will simply highlight his ineffectiveness in one of the nation’s so-called sanctuary cities, which deter or prohibit local officials from assisting federal immigration investigators in migrant cases.

“Aurora does not plan to provide the Trump administration any assistance, as far as I know, but we will certainly not stand in the way of what the American people voted for,” he stated.

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Also Read: Trump border Czar Tom Homan issues fresh warning to President-elect’s critics, illegal migrants: ‘You got a problem’

After Johnston compared his endeavor to Tiananmen Square, Xi Van Fleet, a Chinese survivor of Mao’s revolution, lambasted him on Thursday, telling Fox Business that he is “either profoundly ignorant of the history, or he did the false analogy on purpose.”

Elon Musk, who Trump just appointed to lead the new Department of Government Efficiency (DOGE), also reacted to Johnston’s warning, saying that it demonstrates “the mayor of Denver hates his constituents.”

Trump’s border czar speaks out

Tom Homan, Trump’s choice for “border czar,” told The Post that he hopes the incoming government will sue sanctuary communities and stop providing them with federal funds.

He claimed that if they don’t alter their stand, the Trump government will “flood” certain communities with Immigration and Customs Enforcement personnel to stay outside local prison for the release of illegal migrants.

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Johnston declared that he would not permit local law enforcement to help the federal government apprehend undocumented migrants.

“Absolutely not,” Johnston remarked. “We won’t do it.”



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