A homebuilder is suing the city of Denver for a law that requires developers to pay a fee into the city’s affordable housing fund when they build new structures.
The company, redT Homes, boasts it builds homes that are “lite on your wallet and lite on the planet.” Denver’s affordable housing mandates, the company argues, are preventing the builder from doing just that.
“Denver reached the remarkable conclusion that its housing shortage is caused by building more homes,” according to the complaint filed Thursday in federal court. “Thus, it refuses to issue development permits until homebuilders like redT—the very people resolving housing affordability issues adding much-needed supply— pay a fee into Denver’s affordable housing fund.”…