Special revenue fund.
Denver Revised Municipal Code § 27-220
in effectSec. 27-220. - Special revenue fund.
(a) The director shall use the Mandatory Affordable Housing Special Revenue Fund for the primary purpose of offsetting the costs of the building permit fee reduction incentive provided in section 27-224. Any amounts in the special revenue fund remaining after offsetting such costs shall then be used for the following purposes, with prioritization being given to utilize such funds generated from areas vulnerable to displacement in areas vulnerable to displacement:
(1) For the production or preservation of rental housing, including the funding of rental assistance programs, for qualified households earning eighty (80) percent or less of AMI.
(2) For the production or preservation of for-sale housing for qualified households earning one hundred (100) percent or less of AMI.
(3) For homebuyer assistance programs, including by way of example, down payment and mortgage assistance programs, for qualified households earning one hundred twenty (120) percent or less of AMI.
(b) As used in this section, "areas vulnerable to displacement" means neighborhoods identified as meeting all three (3) indicators as defined in Appendix C—Key Equity Concepts Methodology of Blueprint Denver, a supplement to the comprehensive plan. In the event that the methodology or data source is substantially changed, renamed, or abandoned by community planning and development, then in its place shall be substituted a methodology that most closely resembles the original intent as determined by the executive director of the department of community planning and development.
(c) Cap on administrative costs. Monies in the Mandatory Affordable Housing Special Revenue Fund may be expended to pay the costs incurred by the city associated directly with the administration of this fund; provided, however, in no event shall the amount expended from the special revenue fund for such administrative expenses in any year exceed the greater of eight (8) percent of the balance in the fund on January 1 of each year or five hundred thousand dollars ($500,000.00).
(d) Fund earnings. Any interest on any balance in the Mandatory Affordable Housing Special Revenue Fund shall accrue to this fund.
(e) Administration of fund. The Mandatory Affordable Housing Special Revenue Fund shall be administered by the director.
(Ord. No. 426-22, § 2, 6-6-22)
Source: City and County of Denver, Revised Municipal Code and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/co/denver/codes/code_of_ordinances?nodeId=TITIIREMUCO_CH27HO_ARTXMAAFHO_DIV1GE_S27-220SPREFUFetched: 10/27/2026