Denver intends to push back a final deadline determining which developments are exempt from new regulations enacted last year, a move that will give breathing room to hundreds of projects in the planning stages.
Currently, projects seeking to be grandfathered in from the “Expanding Housing Affordability” ordinance must have their site-development plan approved by the city by Aug. 31, just over five months from now.
The council still needs to vote to make the changes. They will be discussed at a committee meeting on Tuesday. As is typical for major legislation, however, the regulations also established a way for developers who were already planning projects to build them under the previous rules. The intent to push back that second deadline is an acknowledgement that the department has not been able to review plans as fast as expected, due to the high number of submittals last May and June and other factors like staffing challenges within CPD.
Peter Wall, a lobbyist with Wall Kane Consulting who negotiated with the city on the matter, told BusinessDen other cities have instituted similar regulations, but they didn’t see as many projects seeking to be grandfathered in.Wall said his firm represents about a dozen or so developers, some of whom have multiple projects currently under review, and noted many of the projects are for additional housing the region desperately needs.
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