Denver is on track to meet a goal set in 2007 to add 18,000 housing units in the city center by 2027.
The center city has seen an increase of 10,000 residential units since 2010, and another nearly 9,000 are under construction, according to the Downtown Denver Partnership’s Center City Housing report.
Even so, the units added have not been enough to keep housing costs affordable for some residents and workers.
“The Downtown Denver Partnership has advanced a variety of solutions to stem the impact of rising housing costs, ad we are focused on addressing the need for diversity in housing type and affordability to meet the needs for downtown’s workforce,” says Tami Door, president and CEO of the partnership. “While our residential and employee populations are growing at unprecedented rates, we must ensure companies can continue to attract and retain the employees they need to be successful, and affordable housing is a key part of the equation.”
The partnership has led several strategic housing initiatives, including advocating for construction defects reform, working with developers to add a variety of unit types and endorsing the creation of the first affordable housing fund in the City and County of Denver. The partnership also played a key role in moving the LIVE Denver program forward.
Other insights from the report include:
- Denver’s center city neighborhoods are home to 79,367 residents and 130,227 employees
- Since 2010, the center city has added 15,877 new residents and 33,065 new jobs
- Denver is the fourth fastest growing city in the United States, and the demand to live in the center city is high, with the residential population tripling since 2000
- Capitol Hill is the most populous center city neighborhood with a population of 17,142 residents
- The Central Platte Valley neighborhood adjacent to Denver Union Station experienced the highest percentage of population growth since 2010
- The Central Platte Valley neighborhood also added the most new units since 2010, totaling 5,669 units completed or under construction, more than 3,800 more units than the next busiest neighborhood for development, River North.