Denver is three generations away from solving its rental housing affordability crisis at current building rates, per new data from the National Multifamily Housing Council (NMHC) shared first with Axios.
Why it matters: The long road to balance underscores how deeply the region’s housing shortage runs.
- If housing remains out of reach, it becomes harder to attract and retain workers — a growing concern as migration into Colorado slows.
How it works: The report, produced by NMHC in partnership with the NYU Urban Lab, uses a metric called Time-to-Address (TTA) to estimate how long it will take to solve the rental affordability crisis based on current housing production.
What they found: Colorado’s TTA is 109 years. Metro Denver’s is 93.
- That makes Denver a “middle performer.” And while both are better off than the national median, they’re nowhere near NMHC’s “moonshot” goal of tackling the problem in 17 years.
Yes, but: The report notes Denver is “clearly making progress.”…