FOX 31 ran a story last night focused on an Edgewater family who has been locked out of their rental home on Marshall Street. From the story, it sounds like the landlord evicted the family without going through the necessary court processes. The assumption made is that the landlord wants to raise the rent on the home. Though the full story of this situation is not yet known, affordable housing is becoming harder and harder to find as rents are rising in Edgewater.
New reports show that the Denver area rental rate hikes seem to be ebbing, but they are still much higher than last year. A one bedroom, 950 square foot apartment at Terra Village in Edgewater is now $1230 a month. We are hearing from families in our local schools that they can no longer afford to live in Edgewater and have to move elsewhere to find affordable housing for their families.
Home sale prices in Edgewater continue to rise as well making it hard for families to afford to buy in Edgewater. According to the Denver Post, most homes sold in the last year in Edgewater were over $250,000.
Rising rents and home prices bring up some interesting questions for our community. What are the values that drive us as a city? Do we value economic and racial diversity? What is the role, if any, of the City of Edgewater in making sure there is an adequate percentage of affordable housing? What can we do as a community to make sure there is affordable housing in Edgewater? Or do we just let the market do what it does and sit back and watch? Is there a way to improve community life in Edgewater with justice? Homeowners want to see the value of their home increase, but what if that means the renting family next door has to move out of town because they can no longer afford to live here?
Edgewater, what do we want our community to become? Neighborhoods that exemplify the beauty of diversity or homogenous homes only attainable to a few?
What do you think? Feel free to share your opinions and experiences below. This is an important community dialogue that needs to continue.