Ideas

Michael Hancock
Mayor | Denver, CO

New Home Ownership Program to Help those Affected by Redlining

IDEA CATAGORY: 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 CATAGORY: Equity & Opportunity, Housing | FUNDING SOURCE: ARP

Bringing TOD and Innovation Business Districts Together

IDEA CATAGORY: Jobs and Entrepreneurship | FUNDING SOURCE: ARP

Denver Shared Spaces

IDEA CATAGORY: Jobs and Entrepreneurship, Smart Government | FUNDING SOURCE: ARP

Denver Peak Performance

IDEA CATAGORY: Jobs and Entrepreneurship | FUNDING SOURCE: ARP

PocketGov

IDEA CATAGORY: Smart Government | FUNDING SOURCE: ARP

Denver Youth Thrive

IDEA CATAGORY: Education | FUNDING SOURCE: ARP

The Denver Education Compact

IDEA CATAGORY: Education | FUNDING SOURCE: ARP

Denver: An Entrepreneurial City

IDEA CATAGORY: Smart Government | FUNDING SOURCE: ARP