Lakewood Proposal to Limit Housing Growth Challenged
According to the Denver Post, on Monday night, City leaders threw out a vote that would limit housing growth in Lakewood, after a resident filed a challenge about the legitimacy of a proposed citizen’s initiative behind the effort.
The proposed ballot measure would cap annual housing growth at 1 percent beginning in 2018, would implement a system that limits permit requests for new dwelling units, and require a City Council vote to approve or reject projects of 40 or more housing units.
Cathy Kentner, spokeswoman for housing cap group Lakewood Strategic Growth believes the measure would slow the construction of affordable multi-family apartment projects in areas of Lakewood that aren’t zoned for them.
The proposal comes at a time when rents in the Denver area — especially in areas within and just beyond the city limits — are soaring.
Image of Skye Crest in Lakewood, courtesy of HFF