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Editorial: Does the good of housing density outweigh the bad?

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Should some Colorado cities and counties be forced to rezone the land around transit corridors to a minimum density of 15 units per acre and an average density of 40 units per acre?

House Bill 1313 only makes sense if the benefit to existing Colorado residents of increasing density in these neighborhoods is greater than the harm. We think the bill is close to striking the right balance, but we do have some concerns we hope lawmakers address before the bill reaches the governor’s desk.

The framers of this bill — Rep. Iman Jodeh, Rep. Steven Woodrow, Sen. Chris Hansen and Sen. Faith Winter — need to think about whether their mandate will actually create livable cities that are walkable and include a majority of truly affordable housing. Or does the mandate place Coloradans at the whims of private developers?

Much of the responsibility for the successful implementation of HB-1313 actually falls on locally elected officials, which is good, and private developers, which makes us nervous. The mandate comes from the state for density, but state officials haven’t done enough in the bill to support that density being a success.

The density “in Transit-Oriented Communities” bill does include $30 million every year in income tax credits for private developers who meet federal requirements for affordable housing projects.

The bill also includes $35 million of general fund money every year to create a grant program for cities and counties to compete for funding for infrastructure improvements in the impacted neighborhoods.

Given the magnitude of the legislation — it’ll force upzoning on thousands of acres up and down the Front Range — that doesn’t seem like enough money to ensure cities and developers make this redevelopment of our communities go well.

Increasing density will allow for an increased supply of housing, but we are unsure exactly how much that will impact the price of market-rate units. As we’ve seen throughout the Front Range, most new construction projects are likely to be high-end, luxury developments with expensive amenities like pools, private terraces and yoga studios.

Some of that development will involve demolishing older, affordable, existing units. Lawmakers should include a requirement that in transit-oriented communities forced to upzone, developers replace any demolished units 1-1 in their new build with units that are the same price-per-square foot as those torn down. Replacement units should not count toward meeting requirements for affordability tax credits either state or local.

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