The Denver region’s economy has been booming for many years, but a significant portion of the population is increasingly left behind. Across the seven county Denver metro region, there are over 175,000 low-income households experiencing housing insecurity: over 6,300 homeless persons, over 106,000 renters paying more than half of their monthly income on rent, and over 63,000 homeowners paying over half their monthly income on housing costs. Between 2000 and 2013, the number of housing insecure households increased by 70%! These households are forced every month to make tough decisions – choosing whether to pay their housing/utility bills or buying groceries, paying for housing or transportation to get to work or get their children to school.
Enterprise Community Partners is a proud member of Mile High Connects. There are too many great resources and too many great people in this region to allow these inequities to exist. That is why we continue to lead efforts like the Denver Regional Transit-Oriented Development (TOD) Fund, why we are partnering with the City of Denver on the region’s first Social Impact Bond transaction to provide critical intervention services for formerly homeless individuals with severe mental illnesses and/or substance abuse issues, why we are working with local, regional, and statewide agencies on a collaborative effort to preserve existing affordable housing and prevent displacement of low-income families, and why we are working hand in hand with our MHC partners and many other organizations and community members to fight for a permanent, dedicated source of local funding for affordable housing.
These challenges are great and many, but they are not impossible. Mile High Connects envisions a region where every individual and family in the Denver region has access to opportunity, and at Enterprise, we believe that opportunity begins at home. We look forward to our continued partnership with Mile High Connects in reversing this region’s growing trend of housing insecurity.