Ideas

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

Learn More

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

Learn More

Bringing TOD and Innovation Business Districts Together

Idea Category: Jobs and Entrepreneurship | Funding Source: ARP

Learn More

Denver Shared Spaces

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

Learn More

Denver Peak Performance

Idea Category: Jobs and Entrepreneurship | Funding Source: ARP

Learn More

PocketGov

Idea Category: Smart Government | Funding Source: ARP

Learn More

Denver Youth Thrive

Idea Category: Education | Funding Source: ARP

Learn More

The Denver Education Compact

Idea Category: Education | Funding Source: ARP

Learn More

Denver: An Entrepreneurial City

Idea Category: Smart Government | Funding Source: ARP

Learn More

Subscribe

Recent News

Arizona opinion: Clean energy is powering state’s economy

By Anna Tovar | Arizona Daily Star 
LEARN MORE

Opinion: This November, let freedom ring!

Fentrice Driskell and Debbie Cox Bultan | Floricua
LEARN MORE

St. Louis creates LGBTQIA+ Advisory Board to guide city initiativeARP: A Surge in Construction in New Castle County, Delaware