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

Bringing TOD and Innovation Business Districts Together

Idea Category: Jobs and Entrepreneurship | Funding Source: ARP

Denver Shared Spaces

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

Denver Peak Performance

Idea Category: Jobs and Entrepreneurship | Funding Source: ARP

PocketGov

Idea Category: Smart Government | Funding Source: ARP

Denver Youth Thrive

Idea Category: Education | Funding Source: ARP

The Denver Education Compact

Idea Category: Education | Funding Source: ARP

Denver: An Entrepreneurial City

Idea Category: Smart Government | Funding Source: ARP