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Colorado Invests Nearly $48 Million in Affordable Housing

The Starkey Mansion, which the Boulder Housing Collaborative plans to turn into co-op housing. Dec. 7, 2024.
The Starkey Mansion, which the Boulder Housing Collaborative plans to turn into co-op housing. Dec. 7, 2024.

Source: Colorado Public Radio

The People’s Mansion in Denver’s Capitol Hill neighborhood opened last year as the city’s first permanently affordable housing co-operative. Affordable housing remains a pressing issue throughout the state. The former school for butlers is seen as a glimmer of hope.

But, People’s Mansion still needs safety upgrades and other renovations before it can welcome more tenants. The property’s owner, the Boulder Housing Coalition is getting state funding to help with those upgrades.

In 2022, voters approved Proposition 123, which redirects 0.1 percent of Colorado’s taxable income to protecting affordable housing.