At Risk At Risk Summer 2000 by Tricia Headen Lack of affordable housing puts communities in jeopardy. T he 1990 s will be recorded as a decade of substantial eco-nomic expansion for the nation. That s the result of a change in monetary policy adopted by the Alan Greenspan and the Federal Reserve in an attempt to cool the sweltering economy. One sector that s benefiting from the bustling economy is the housing market. New residential communities are springing up community-wide.
News reports tell of the rising number of hous-ing permits.
The cost of housing increases monthly. It would appear that demand is outpacing supply. Denver s median price home is 31 per-cent higher than the national level. The problem is exacerbated by the fact that average salaries in low to moderate-income groups are not keeping pace with the increasing housing rates. The Colorado Housing and Finance Authority s annual report contends that this problem will persist because wages are not keeping up with the rising cost of housing.