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Homebuilder loses lawsuit calling Denver affordable housing fee ‘extortion’
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Homebuilder loses lawsuit calling Denver affordable housing fee ‘extortion’
RedT CEO Nathan Adams and the site of proposed homes in Athmar Park. (BusinessDen illustration) A federal judge has thrown out a Denver homebuilder’s lawsuit that challenged the legality of city income-restricted housing requirements, finding they do not infringe on property rights. “Requiring income restrictions on certain units … does not constitute a physical invasion of property,” U.S. District Judge Philip Brimmer explained in a March 3 dec…
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