DENVER--Mayor Michael Hancock released his proposed budget for 2018 Tuesday morning.
In it, more options for affordable housing units. There are only 22,000 affordable income-restricted units and 1,100 are under construction.
"The budget reflex out priorities and what are values are expanding affordable housing by continues our investments in housing," said Erik Solivan, Executive Director of the new Office of Housing and Opportunities for People Everywhere (HOPE).
It's a problem sweeping across Denver, and the city is trying to fix it.
You can find people trying to make ends meet just outside of downtown Denver. Denver7 spoke with a resident staying at the Samaritan shelter. Sergio Franco said he used to live in an apartment across the street from the homeless shelter.
"A roommate of mine left, and then I was stuck with the rent by myself," Franco said.
Mayor Hancock wants to set aside 22 million dollars to bring more affordable housing to Denver.
Here is the breakdown for the affordability 2018 budget
- $21.6 million dollars for affordable housing, including $15 million dollars in local funds and $6 million dollars in anticipated federal funds.
- $500,000 dollars for a new affordability assistance fund to help residents with one-time support for essential housing, utility and food expenses.
- $450,000 dollars to expand the reach and capacity of the city's financial empowerment centers.
- $500,000 dollars to expand the Senior and Disabled Property Tax Rebate program.
- $345,000 dollars for MY Denver PRIME, a new program to expand discounted recreation-center access for all residents 60 and older.
- $21,000 dollars for 170 additional wi-fi Internet pucks available for free check-out at Denver libraries to help low-income families access the internet.
City council will begin budget hearings this month with approval in November.