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Michael Hancock
Former Mayor | Denver, CO

New Home Ownership Program to Help those Affected by Redlining

Idea Category: Equity & Opportunity, Housing

Problem

In Denver, communities of color have a long history of exclusion, with redlining and other discriminatory practices prohibiting where they could live, impacting employment, education, and homeownership opportunities. Currently, there’s 54% homeownership among white households, while it's under 41% for households of color.

Solution

Denver Mayor Michael Hancock announced a new social equity program to increase homeownership in communities of color. This initiative will assist residents directly impacted by redlining and gentrification with down payment assistance, such as interest-free loans that are forgiven after three years.

More Idea’s From Michael Hancock

ARP: Denver Proposed a Targeted Basic Income Program That Would Give $1,000 Monthly

Idea Category: Equity & Opportunity, Housing | Funding Source: ARP

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ARP: Denver Designated $5 Million to Convert Hotel for Housing and $2 Million to Women and Families Experiencing Housing Insecurity

Idea Category: Housing | Funding Source: ARP

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Bringing TOD and Innovation Business Districts Together

Idea Category: Jobs and Entrepreneurship | Funding Source: ARP

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Denver Shared Spaces

Idea Category: Jobs and Entrepreneurship, Smart Government | Funding Source: ARP

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Denver Peak Performance

Idea Category: Jobs and Entrepreneurship | Funding Source: ARP

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PocketGov

Idea Category: Smart Government | Funding Source: ARP

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Denver Youth Thrive

Idea Category: Education | Funding Source: ARP

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The Denver Education Compact

Idea Category: Education | Funding Source: ARP

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Denver: An Entrepreneurial City

Idea Category: Smart Government | Funding Source: ARP

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Lauren McLean | Mayor | Boise, ID

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Idaho: Boise Mayor Lauren McLean announced a $7.5 million fund focused on “supportive housing,” an...

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