CREJ

November 3-16, 2021 - Page 39 www.crej.com RNB Lending Group Commercial Real Estate Specialist RNB Lending Group is the loan production office for RNB State Bank, serving the Denver, Boulder and Colorado Springs market. We specialize in commercial real estate financing for office, industrial, warehouse, retail and medical properties. We can provide loans from $300,000.00 to $3,500,000.00 structured to meet the client's needs. Our diverse products range from perm to mini perm, re-finance, acquisition, bridge and business lines of credit. RNB State Bank is a family owned bank that has been serving the Colorado andWyoming markets since 1899. Randall L. Hoffman - President RNB Lending Group 303-772-1389 • randyh@rnbonline.com transformative policy blueprint to unlock immediate growth in new housing supply. The Colo- rado Housing Development Blueprint is a sequence of steps that multiple jurisdictions at both the state and local level could and should take to jump- start supply. The Colorado Housing Devel- opment Blueprint to Transforma- tional Change includes the Colo- rado Affordable Housing Crisis Challenge Grant, established by the governor, as an incentive to form a regional governmental partnership. A coalition of will- ing and committed counties and municipalities to establish a use by right affordable housing regional development overlay consisting of a regional build- ing, zoning and design standard codes to empower standardized, consolidated and integrated processes. It is permissible via a local government emergency declaration allowing participat- ing counties and municipalities to temporarily waive existing building, zoning and design standards funded via a five- year LIHTC set-aside adminis- tered by the Colorado Housing Finance Authority. It would uti- lize past set-aside precedent to fund affordable housing projects submitted by the participating counties and municipalities. It would be further supported via a joint underwriting task force pilot consisting of Divi- sion of Housing and the Colo- rado Housing Finance Author- ity made financially viable via a donation of local government owned land from participating counties, municipalities and/or school districts empowered via strategic economic development investments to position Colora- do as the off-site modular build- ing industry hub in the United States supported via Office of Economic Development and International Trade Advanced Industries Accelerator Grant. The stakes to address hous- ing affordability are high. While many of us benefit from rapidly increasing home prices, the gen- erational impacts on wealth cre- ation and economic opportunity cannot be pushed aside. While I have no doubt that the Port of Long Beach will sort through the backlog of containers and return to a sustainable level of throughput, the restrictions fac- ing our housing shortage will not be solved by just getting back to normal. s

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