But, a survey from the Downtown Denver Partnership, a group thatrepresents interests of the central business district, has foundthat 72% of the units fetch less than that. How is that possible?The reason is that the survey of 2,476 rental units has included anumber of Section 8 and other subsidized units, which dramaticallydrops the average cost.

"By including all of the units, it provides a comprehensive lookof everything downtown has to offer," Ben Kelly, partnershipspokesman told GlobeSt.com. "I think it's a valid way of doing itand I think most people would be surprised by how many affordablehousing units there are."

Many of the renovated buildings downtown that have been turnedinto housing, have between 10% and 50% subsidized units, saving aqualified tenant about $200 a month in rent. Myrna Hipp, Denver'sdirector of housing and neighborhood development, says many of thebuildings on the partnership's list either have been financed withthe help of private activity bonds backed by the city or areSection 8 projects funded by the US Department of Housing and UrbanDevelopment.