US: Why would a developer spend money to make affordable housing attractive? Limited financial risk.
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DENVER - Denver hit a milestone on Wednesday, opening it's 3,000th affordable housing unit in the last four years.
Mayor Michael Hancock has a '3x5 Initiative' to open 3,000 affordable housing units in five years. He hit that mark one year early with the ribbon-cutting of the Ash Street Apartments at 11th Avenue and Ash Street, just north of the old University Hospital complex.
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Source : US: Why would a developer spend money to make affordable housing attractive? Limited financial risk.