Of the 25 percent of units that would be income-restricted, half of the units would be rentals, reserved for those making 30 percent or less of the area median income, Ho said. The other half would be for-sale units, restricted to those earning between 70 and 120 percent of median income.
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“While they’re conceptual, we really wanted to give folks a sense of what this property can be,” Ho said of the latest renderings and map. “We really want to emphasize that this is in line with that community desires; a regionally sized park and housing to combat the housing crisis.”
Westside principal Kenneth Ho spoke to a packed house of 300 neighbors and community members about plans to deliver more than 25% of all future housing on the site as permanent, affordable housing.
"It also includes several hundred units of affordable rental and for-sale homes — which Westside touts would double the affordable housing mandate local leaders recently passed — and nearly a quarter would be income-restricted."
“Denver residents, and the local community, all recognize the urgency in building more high-quality housing that people can afford. This proposal is better than keeping this land private and underutilized by the community.”
“This is also the first significant milestone in transforming this privately owned former golf course into new public parks and much-needed housing.”
Westside last week submitted the plans to the city of Denver’s planning department and said the new park could become Denver’s fourth-largest if the plans advance as written.
That effort is running parallel to the city-controlled planning process for the property that dates back to early last year. In December, Denver Community Planning and Development officials released the “prevailing vision” for the property.
But [Ho] said that the percentage will exceed those included in the city’s recently passed “Expanding Housing Affordability” plan — which range from 8 to 15 percent per project, depending on various factors — and noted the income-restricted units would include both for-sale and rental units.
“The focus here always has been really addressing the community's needs, addressing the unique circumstances in this area, and we're happy that we can provide that in an economically feasible way," said Ho.
The plans, released by Westside Investment Partners Inc., include designated spaces for a community center, grocery store and affordable housing. There's also 100 acres allocated for open green space.
Originally, Westside said it would commit to keeping at least 60 acres as open and park space, but since then it has increased that commitment to at least 100 acres, nearly two-thirds of the property.