Denver is facing a housing crisis, with evictions reaching an all-time high this year.
Data from Denver County Courts shows more than 14,000 evictions have been filed, and the number is expected to rise to 16,000 by the end of 2024.
As housing costs continue to climb, nonprofits are stepping in to help mitigate the impact on renters.
Record Eviction Numbers in Denver
The number of eviction filings in Denver has already surpassed 14,000 by December 2024, a significant increase from last year. In 2023, the city saw 12,910 filings, and this year’s filings are projected to reach 16,000 by December.
The state of Colorado has also seen a 10% increase in evictions, with over 25,000 filings recorded statewide by mid-year.
This alarming rise in evictions is a clear sign of the ongoing housing crisis.
The increase in eviction filings has been attributed to high rents, inflation, and stagnant wages, all of which put immense pressure on renters.
Experts say the situation is likely to worsen if immediate action is not taken.
Factors Driving the Surge in Evictions
High rent prices and the impact of inflation are key factors driving the surge in evictions.
Many renters in Denver and across Colorado are struggling to keep up with rapidly increasing rents, which far exceed the growth in wages.
Renters are finding it harder to meet their housing needs, and even a small unexpected expense can lead to financial instability.
For many, just one financial emergency, like a medical bill or car repair, can push them over the edge.
As wages do not keep up with rising living costs, a growing number of families are being forced out of their homes.
This growing gap between income and housing costs is contributing to the record number of evictions.
Community Ownership as a Solution
To address the housing crisis, nonprofits like the East Colfax Community Collective (EC3) are taking action by purchasing apartment buildings.
Their goal is to cap rents and provide stable housing for low-income residents.
EC3's first property, a 23-unit apartment building, is a significant step in this effort and the state’s first mixed-income neighborhood trust.
Community ownership is being seen as a powerful solution to the housing crisis.
EC3 leaders believe that when communities take control of housing, they can provide more affordable and lasting solutions.
However, they stress that both community organizations and policymakers must work together to address the crisis on a larger scale.
