Denver plan to act as bank with housing sales tax money draws scrutiny

Denver Mayor Mike Johnston, center, speaks during a rally in support of Ballot Issue 2R outside The Burrell Denver on Sept. 17, 2024. The Affordable Denver campaign formally kicked off with a press conference and rally in front of the newly built affordable condominium complex in Five Points. (Photo by Helen H. Richardson/The Denver Post)

By Joe Rubino | jrubino@denverpost.com | The Denver Post

PUBLISHED: October 9, 2024 at 6:00 AM MDT | UPDATED: October 9, 2024 at 6:03 AM MDT

Getting your player ready...

"We’re like the bank, but we're a much cheaper bank," Denver Mayor Mike Johnston said.

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Denver’s affordable housing tax would make the city into an investment bank. Is it ready for that role?

If Ballot Issue 2R passes, city would follow other communities’ models — but experts warn of risks

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