Affordable housing policy

like workforce housing, I think it is a good thing to or affordable housing, attainable housing, you pick your term

would the bureau invest in affordable housing? Does does that matter at this point?

it's all about affordable housing, right? Well, think a little bit deeper about what real affordable housing is

this is the future of what we have when we tear down things like the four bungalows for affordable quote unquote housing

The applicant will be required to pay two times the cash and loot contribution for affordable housing if any additional dwelling units are built on the property unless they are deed restricted

as I recall I think initially we required a um 45% or something around there of uh affordable housing where the usual standard is 25%

Um and my other question is about the affordable housing requirement which is 1.5 times the usual.

There are significant investments in affordable housing in the 2027 budget, including 5.3 million

the city does have affordable housing requirements for every single development that comes before us

having affordable housing in an area that is actually served by transit and services that are appropriate

we are losing them because of the lack of affordable housing

And you know that I talk to you every time there's a planning board meeting about affordability and how it doesn't happen here.

The price of that height is affordability. Bonus units carry an extra 11% points of exclusionary housing.

We have inflation like never before, and we have affordable housing costs and it's not getting better.

So I think we need to ask a bigger question than whether we're creating enough affordable units.

for affordable housing investments, uh we have uh as listed and shared forward, uh a total of 5.3 million

There are significant affordable housing investments, including 5.3 million for the Alpine Balsam site

Affordable housing cash and L fees are estimated at an 11% increase compared to 2026.

they would be affordable housing units to meet inclusionary housing, in which case they would need to meet all of our other inclusionary housing standards

Um well this this has a different definition because it's a state definition of affordable housing.

if we just included I think projects that had any amount of affordable housing, it would have been two per year.

I can confirm that there is no affordable housing fund monies that is going towards the construction or planning of the western city campus

Are we pulling the money from affordable housing funds to cover the cost?

there was no affordable housing that was ever approved or built without extensive community input

And in addition, it would specifically allow for more funding of affordable housing, transportation, multimmobile projects, education, all of that.

we know too that we are concerned about continued affordability

I am asking the city to examine whether the permanently affordable housing program has a policy gap

Boulder's permanently affordable housing program has made homemanship possible for thousands of residents who would otherwise never have had that opportunity.

as a practice we have failed to produce any substantial amount of middle-income housing at least on the purchase side

it speaks to the city's commitment first to expanding permanently affordable housing for households on below 50% AMI

Senate Bill 40 broadens the qualifications for the affordable home ownership program created through Prop 123

We supported a number of pieces of legislation that support our efforts in the city to provide affordable housing.

we did see reduced funding about 130 million to the state's affordable housing finance fund.

Tonight I want to speak about the need for middle-income housing.

I advocate for housing, work on affordable housing projects, and spend a great deal of time thinking about how we create opportunities for the missing middle.

All right, we have the affordable housing fund. It's a project carryover for 4 million.

Other fund balance usage includes previously appropriated affordable housing project dollars with remaining expense expenses spanning into this fiscal year.

I come from the East Coast and decided to move to this lovely state, but it was difficult to find affordable housing

knowing how sensitive low-income housing tax credits are and demo and displacement, there's just a lot of those curiosities

one, a timing question regarding perhaps some low-income housing tax credits as well as a demo permit

LIHTC pushes growth from the federal government down to this community, and this community is so lame, it cannot fight back.

that are just pushing growth as fast as they can do it, and under the name of LIHTC

a LIHTC application, site review, permitting, all the rest of those, that will never happen within a year, and it can't happen, really, through LIHTC funding.

planning board is assigned to deal with, you know, affordable housing.

subsidies or requirements for the provision of affordable housing are not factored into the into the opinion of value

partnerships with non nonprofits with a demonstrated history of providing affordable housing um, and then a comprehensive plan alignment

allows counties to direct a portion of their documentary filing fees towards affordable housing

the renovation was completed under a low-income housing tax credit partnership. That partnership includes a LIHTC investor

I love that you're focusing on households earning at or below 60% of AMI.

I know the importance of having much more than we have now, and having nonprofits like the Presbyterian folks providing that.

diverting people to affordable housing through the cash and low program

81 specifically talks about affordable housing. Well, 81 speaks about permanently affordable housing goal, the 15%.

I view that paragraph as referring to income-qualified housing

81 is capital A affordable, deed-restricted affordable. Do we want

At least 13% of those dwelling units meet the requirement for permanently affordable units set forth in Chapter

We haven't demonstrated anything as it relates to our middle-income housing policies that are producing any results at scale in the city

We've identified, I think, we're largely in agreement that housing, especially middle-income housing, is a community, a long-term community value.

the permanently affordable housing goal, the reason that you do see this and not a lot of other metrics

provided an update on affordable housing to City Council.

wondering what the city's affordable housing strategy is, I thought this would be a really good way to

realizing that the affordable units, you have townhomes, right?

33 of them are permanently restricted middle-income units

affordable, uh, apartments in our program that are in the 60% AMI

our affordable housing fund, we call it the workhorse of our program.

we can just shift now to talk about the various housing policy interventions that the city has implemented

housing being the primary one that we've heard the most about

affordable housing is financed, you cannot have a mixed income projects.

The basic fact is we can build more affordable housing if we get the cash in lieu.

This is one of my favorite graphics that we have, but it just shows the affordable housing units and where they're located

Like, can you… can the developer use LIHTC funding?

So, our Affordable Housing Fund is the workhorse of our affordable housing program in the city.

I think the City of Boulder has done a wonderful job in allocating resources to low-income and permanently affordable housing

And I don't think it surprises anybody that there's an affordable housing, and certainly a senior affordable housing crisis that's evident, and it continues to grow.

If you vote to approve demo today, President Manor can move forward, Concept Peering can move forward, but also the partnership to help relocate the houses can move forward over the next year.

That is a huge win for affordable housing in the city.

And since 2014, we've added over 1,500 permanently affordable units out of about 4,100 overall

There are a little more than 4,300 permanently affordable units in the city

I don't think this single area can meet our incredibly high low-income housing needs

the purpose of this bill is to enhance the creation of affordable housing

yes, there is no statewide mandate on affordable housing per this bill

the development of new uh affordable housing would contribute to the city's affordable housing goals

It's a shame that the board is letting four houses go, given their condition, the history, the location, and their ability to supply affordable housing.

The Landmarks Board can't be responsible for affordable housing in this community.

even though we all want more affordable housing, and affordable senior housing.

it would include a way for structures like this, not just this structure, but structures like this, to pay into the affordable housing program.

It means more LIHTC funds. It means more expulsion of low-income people to the outskirts.

It wasn't just looking at LIHTC funding and things associated with affordable housing, but were you able to access more options

So doing a LIHTC deal like we've done, that is one option

you're not getting all the same government money to build that as, like, affordable housing, LIHTC

That's the model for affordable housing in Boulder, and it was taken over by a hill developer, basically,

Yet very little affordable housing is actually being built. If these proposed duplexes and triplexes on Sue were required to be genuinely affordable

you would allow them to do the improvements necessary for the affordable housing but keep them out of the district

If there if part of the 10% of the residential is affordable housing, are there um is do you typically limit

a community benefit such as affordable housing will not guarantee additional building height

moving from fewer than 1,000 affordable units in the early 90s to more than 4,000 today

And use them to meet. Our low- and middle-income housing needs

we will be providing, um. Uh, an update on our affordable housing programs

We wouldn't be able to develop An affordable housing project. with the LIHTC. required in order to finance it

they didn't buy it with LIHTC approvals, and they didn't buy it with subsidies from the City of Boulder

Were these four bungalows across the street from the library. Presbyterian Manor and their affordable housing?

There's some middle-income housing, work Some rewrites or, the simplification of our lands code, building code

about affordable housing in a a couple decades old program that supports that

prioritizing it over affordable housing or prioritizing it equally with affordable housing

say, you know, this is as important as affordable housing or this is more important than affordable housing

the complexities that come with uh affordable housing and how some on one hand it can be a incredibly valuable asset

If affordable housing was a true issue that we were worried about in Boulder, I think it's something we maybe would have considered

I try to mitigate my anger around this subject by understanding that this is for affordable housing.

for the low-income housing tax credit development, which would be considered burdensome by the LIHTC funders

the stay of demolition will threaten access to much-needed, high-quality, affordable housing for low-income seniors.

The notion that this is a trade-off between 4 market rate units versus 60 affordable units is a red herring.

they don't have LIHTC funds the way Low income has

All that it does is it spreads the wealth equity

Why our code is keeping middle-income housing from being built.

expanding people's access to housing affordability through increased housing choice

I understand the frontline issues we are facing, high cost of living, lack of affordable housing, and too low of wages.

that'll be a nice check for affordable housing program

every affordable unit we create is an opportunity for an older adult.

Whereas workforce housing is more middle-income housing for that 80-120% AMI.

Generated just over a million dollars a year in additional funding for affordable housing.

we've had a middle income housing strategy for going on 10 years that's done very little

I would love to have staff better define for us what are the benefits and burdens for affordable housing owners

developers choose to pay into our inclusionary housing program in cash in lie of developing on site

Yes, there's a number of policies that speak to affordable housing and equity

what's really the barrier to You know, affordable housing, development, commercial properties

the funds would be earmarked for affordable housing restricted solely to the construction, purchase, and maintenance of affordable housing.

the report summarizes the estimates of those new workforce houses formed and the number of um affordable units required to house them.

Our inclusionary housing program in Boulder provides desperately needed affordable housing

In all balancing the site review criteria and the different goals of the community, affordable housing, they're asking for a height modification

Council or staff really talked about Converting office space to residential. And, like, losing office space.

collaborate to explore, exempting affordable housing in some fashion

look into the possibility of exempting affordable housing, because that's a very broad

I'm clearly going to be voted down on this, but I'd like to at least propose uh an exemption for affordable housing.

Primary concerns though were on the residential side could include the impact on lowincome residents or affordable housing.

there's not enough affordable housing that can ever make up for what this drives up the cost of housing in Boulder

for affordable housing to push this thing, to ram this thing through

concerns about the specific way in which relief from affordable housing provisions is being proposed

And I know staff also suggested they were comfortable with this approach to affordable housing

So overall, we're providing 34% affordable units, as I mentioned, going a little bit above 10 per acre

LIHTC doesn't exist in other countries. It is very specific here in other countries have affordable housing.

are there other ways the city can create some financing tools

so one that offers, like, the affordable housing component, but also there's a service delivery component as well

when you actually talk to the people in the affordable housing

we were considering whether or not to fully exempt affordable housing projects

in in terms of uh requirements put upon producers of affordable housing

30 Pearl affordable housing, as well as some ground-level commercial, such as, open studios.

This proposal at 30%, you'd still be getting a fair number of affordable units on-site.

What was the total number of units and the total number of affordable units in the prior annexation agreement?

the goal of MXR is to provide a substantial amount of affordable housing in mixed-density neighborhoods

there's a lot of interest now in the, you know, developing more

$26.9 million to support several housing projects in 2026, including the 3,300 Penrose project with 113 affordable units.

It's slated that would actually go to fund balance to fund future years affordable housing.

we're not proposing that these be deed-restricted or affordable units

the lack of affordable housing in and around Boulder continues to exacerbate that.

And then also, that dovetails into opportunities for affordable housing and the trade-offs related to that.

That was affordable housing, and you threw it away. You threw it away to a developer.

My brother is in a crisis center now on suicide alert for his inability to find housing here in Boulder.

Affordable housing, you said, you know. 10%, and then transportation

I know we have a lot already, for affordable housing

I also love having enough housing, for our community

a tool, like this is an important one in helping to address some of these inequalities and also meeting our affordable housing objectives

Those fees collected, would be earmarked for affordable housing. So restricted solely for the construction purchase and maintenance of affordable housing

The impact fee could address gaps in the IH program, and would ensure equity in how residential development and additions contribute to affordable housing

Growing the population through LIHTC funds, through everything the Trump administration is doing.

Local funds can be leveraged 2 to 3 times by our affordable housing partners with state and federal funds.

The intent wasn't to go in and find funds for affordable housing, it was to create more of a level playing field

Which is, you know, smaller, more affordable units,

they're just kind of moving, um, affordable units into what were market rate units and vice versa.

there are very few landmarks uh that are also affordable units

certainly affordable housing is often one of those uh in cases where historic conditions exist

So we propose continuing that so that Affordable housing projects will have these requirements, but the city will subsidize those requirements

Throughout the process, we often talked about what are we going to do with affordable housing

to see higher financial guarantees required, with some exceptions, like affordable housing

this looks like it would absorb the entire production of affordable housing

it's a perfectly viable affordable housing solution to consider as part of your affordable housing pipeline

providing community benefit that's a cash-in lieu that goes into affordable housing fees

we subsidize TDM programs, namely the Neighborhood EcoPass program, for affordable housing units.

How this ordinance should or should not apply to affordable housing development specifically.

since many affordable housing projects are larger developments, this could inadvertently discourage and burden Low-cost housing production

45% of the housing stock in that development would be affordable housing.

city staff recommended that they go from 45 to 24% on affordable housing.

how do you know how many additional affordable units we are getting?

We didn't count them as affordable housing as such, but it's kind of filling a similar gap

The 2 bedroom units are deed restricted at 100 to 120% ami

They then decided to allocate a very large portion of the affordable housing tax to itself

another area that I've always been interested in fee waivers is for affordable housing

Do you have an inventory of naturally occurring affordable housing or middle income housing?

We have more than 4,000 affordable units in the city.

When we talk about permanently affordable housing, we're specifically talking about deed, restricted units that preserve that affordability in perpetuity.

affordable housing units in a historically landmark structure, who maintains the exterior of that building?

You just have to prove that you meet the city's livability standards for affordable units.

That's why you need to go higher on the affordable housing above 45%.

we're also currently um discussing how to deal with uh 100% affordable housing with either full or partial exemptions.

one of them is to have a goal for affordable housing

percent of the affordable housing is Bhb, the deed restricted affordable housing units.

when we say affordable housing. We're talking about deed restricted, permanently.

There's, you know, 20 affordable housing needs created for that one thing, and then there's more homeless.

None of this is served by a 3,200 square foot single unit home, close to downtown.

This is in proximity to a multimodal corridor and a transit center, and it is going to lower density and is not contributing to affordable housing goals

You've got 10 to replace it for affordable housing, and we have none, and we have homeless all over the place.

should the city of Boulder give them a subsidy so that we have another affordable housing crisis

that would be more commensurate with what the value is in affordable housing

what's the city's responsibility to to provide affordable housing for Cu students

the more it drives the need for more affordable housing, because it drives the wealth divide

that's certainly something we're looking at in terms of specifically the affordable housing

the question of whether to provide exemptions for affordable housing development

The trade-off is height for essentially affordable housing

devoted half of their land to multifamily, middle-income housing. I would not like to see our leverage

we're also working on how to deal with permanently affordable housing.

there's a pretty hefty, affordable housing trust fund that's being built by the State from a voter led proposition a couple years back

it's a hundred units of affordable housing, with, I think, 10 of those reserved for transitional people transitioning from homelessness

But you have to remember that you have to remember when when you that's $700,000 a door, $500,000 a door is, it's denser.

we do want to encourage more permanently affordable housing. But we also know that Tdm requirements would put extra costs onto those developments

Many of those fall in the transportation, affordable housing, and public safety space.

was to have more affordable housing in low density areas

All in the name of we need more affordable housing in boulder.

It is not deed restricted and it is not luxury.

Boulders had an exceptionally good run at avoiding the number one sin in affordable housing

As part of that annexation to address the affordable housing needs that would be generated by the new building.

many of them went to either uh the building or the maintaining or improvement of affordable housing projects

a number of uh lower income affordable housing projects that that have come across to us for modification or whatever

Um the affordable units needed reflect an assumption that twothirds of the workforce generated by these types of projects will live in Boulder

the bottom line results indicating a need for additional affordable units that basically ranges from 0.15 to 0.45 units per project

monies received into this fund are solely for the construction, purchase and maintenance of affordable housing

we have tried to waive pilot fees for nonprofit properties or affordable housing

The height modifications have resulted in X number of affordable units.

Is there a big amount of affordable housing that is coming out of out of this added density

How are we doing at meeting our affordable housing goals?

we're always looking for more affordable housing or more varied home types in boulder, especially downtown

So this is also a really great way to create affordable housing.

Boulder should get an extra 3 million dollars to put towards affordable housing every year

We don't pay property taxes eye out on our boulder properties because we are affordable housing.

he's got a very, I think, uh, interesting focus with middle-income housing as it really pertains to our school enrollment challenges.

I would regard Matt as of the nine of us easily the most knowledgeable and the strongest of the board members.

combined with the affordable housing parcel that's scheduled to go in a couple lots to the north

Remember that for every affordable housing now, and this project is not affordable, this is high-end housing.

Just that we can't actually require onsite affordable housing.

So they have to pay additional cash in lieu into our affordable housing fund.

I'm furious. About 1015 juniper that was so unacceptable that was affordable housing

my original CAC request was first um additional thoughts about incentives around affordability

we are engaged with the Bloomberg Phil philanthropy City leadership initiative in an effort to explore uh Innovations in our affordable uh housing program overall

thinking about ways to create incentives for ownership that might be outside of deed restricted ownership in the city of Boulder

this isn't taking out affordable housing. This is taking out maybe middle income

Considering the full spectrum of affordable units needed at different income levels and so forth.

quantifying the difference between a typical market rate unit in boulder and a affordable unit at different income levels

unless this is a hundred percent affordable housing project. it's not going to make it very far

work on achieving more affordable and missing middle housing is ongoing work

which is meant to explore Innovations in our affordable housing program uh the research includes examining our current inclusionary housing

and it's solely for the construction, purchase, and maintenance of affordable housing

The average is roughly $100,000 per affordable unit.

to either partially or or fully exempt. 100% affordable housing

I'm especially concerned with the affordable housing component of it, the 100% affordable housing.

it's clear that the county prioritizes affordable housing and they are committed to the um housing first approach

it's clear that the county prioritizes affordable housing and they are committed to the um housing first approach

and some of the affordable housing funds that we have to support the development of that project

The affordable housing is actually going to be market as well as boulder housing partners

14 million was was uh included in the mental health category from our affordable housing funds

the $5 million going to the county as a result of the affordable housing tax for services

we did just recently exempt affordable 100% affordable housing projects from site review

It's more to study the middle income slash missing middle

We would also recommend either fully or partially exempting 100% affordable housing.

This would contribute 9 million dollars to the city's affordable housing fund.

The church was also interested in wondering about adding affordable housing in the boulder community.

Does a congregate care use? Have any kind of affordable housing requirement. No, not on its own.

this ordinance seeks to address a critical Gap in our housing stock currently the options for middle-income households are disappearing

second affordability through evidence-based approaches of reducing scarcity we live in a condition of unaffordability

urging you to adopt this thoughtful step toward addressing Boulder's housing crisis

we've talked about trying to find there are all candidates to be affordable housing

about that house is a real candidate to be an affordable housing house

One thing that I find sad in in Boulder is that we have such such a need for affordable housing

the Geological Society of America building is a delightful post-modern building that will be adaptively reused into affordable housing

And this is all something you should be concerned about, because it's about affordable housing

And so why we would prohibit creation of small relatively affordable for sale units is beyond me.

These restrictable, affordable housing are happy with it. And there's quite a few homes like that that were built mostly 20 years ago.

There's a lot of folks that have indicated that, you know if we're going to add housing, it should only be deed restricted, permanently affordable housing

questions that came up tonight about what's the effectiveness of deed restricted for sale?

we pursue area three and we start with the words it's going to be affordable housing

what I don't think we have is that kind of middle income housing

we should only be allowing deed, restricted, permanently affordable housing units rather than just adding housing

Try to get more affordable housing, incentivize affordable housing.

This is what we are proposing for affordable 100% affordable housing projects that would be exempted from Site Review.

provide deed restricted middle-income affordable housing without outside subsidy

we believe the planning Reserve is the only feasible location where deed restricted middle inome family housing can be built

if it's affordable and middle- income housing that implies another set of economics

provides some front door parking for the deed restricted middle-income housing tonight we ask you to approve the annexation agreement

the agreement requires at least 30% of the new dwelling units on the property to before sale permanently affordable units

I kind of think we should take it off the list because I don't

I guess we don't really play a role in in executing or improving affordable housing.

I see affordable housing on here which I love to see always

the applicant shall pay pay the affordable housing portion of the capital facility impact fee according to section blah blah

the applicant shall pay the affordable housing portion of the capital facility impact fee in section 42062 BRC

when other applicants come to us and say gee we're going to do affordable units on site

with 217 new housing units split between seven buildings with a total of 157 permanently affordable units

the affordable housing that should be added should be deed restricted

we've also uh been presenting to um affordable housing residents uh as part of this project

higher density development that incorporates a substantial amount of affordable housing in proximity to multimodal corridors and Transit centers

Monitoring and Enforcement integration of affordable housing was an interesting element we wanted to look at

build affordable housing quickly enough to help everybody who's currently experiencing homelessness

this is around the uh just thinking about how we're defining affordable housing

we are the affordable housing provider for the city of Boulder we have about 1600 uh units in the city

If the developer insists on using the affordable housing exemption to exceed the normal requirements

There are numerous other requirements in section 9 13, that are intended to ensure that the permanently affordable housing

at least 40% of the floor area of the building is used for dwelling units that meet the requirements for permanently affordable units.

for example additional investments in affordable housing strategy one focusing on safety efforts to reduce Community harm

So the proposed project is for 52 townhome style units, including 4 onsite permanently affordable units.

including 48 market rate and 4 permanently affordable units in 10 buildings

a total of 48 market rate, and 4 permanently affordable units are proposed among the 10 proposed new buildings

I mean, the the Feds give low income housing tax credits to people who build these low income housing.

I thought you said there's a minimum square footage for affordable housing.

we're looking forward to apply for low income housing tax credits until the building is fully removed from the flood plain

Yeah, it's underneath it. Affordable housing, senior affordable housing. Yeah.

it allows the city manager to not require unbundled parking if it conflicts with the ability to get low-income housing tax credit funding

Federal low-income housing tax credit regulations require that residents must have access to a parking space with their deed restricted unit

benefit of affordable Andor middle income housing actually comes to fruition on this site

may not result in the simultaneous construction of the market rate and affordable housing as has been represented

I know there's an interest in getting more deed, restricted, permanent affordability with these

Units that get added contribute in low fees to our affordable housing fund

as a way to try to retain and gain affordable housing has inclusionary housing funds.

in our current budget we have put in $3.5 million um in expectation of 1B funding into the affordable housing budget

this is primarily driven by additional investments in affordable housing from 2024 to 2025

this investment uh will results in the city's largest affordable housing project to date

for its massive sight and incompatibility with the neighborhood with its projective rental rates it is no way affordable housing

it wants to encourage the creation of affordable housing but this very meeting is a factor in the high cost of housing

increasing affordable housing is increasing the of the ability for people who work

One of our team members was part of a really interesting historic project in Iowa, repurposing the old army barracks into affordable housing.

houses come up as a cluster they generally are, replacing what was affordable housing. And I am so happy and proud

Affordable housing? You're not helping. 6, 52, 6, 58. Pleasant.

We're getting a lousy little bit of affordable housing, and then we're getting inevitably what always happens in boulder

2 of them will be developed as affordable housing by boulder housing partners

units are actually designed for But families have different housing needs than individuals. They need more bedrooms.

how can we create housing for firemen, policemen, teachers, nurses without violating fair housing acts

They buy condos we turn those into permanently affordable units as well. In our city.

and it allows what is, you know, being touted as a middle income housing project

the requirements of the Rmx. 2 zoning district, which require certain affordable housing percentages to be met to achieve a higher overall density

The annexation requires 30% deed, restricted middle income units and will need another 10% to meet the requirement

do we have a schedule for rent increas inrees within our affordable housing program

just a lot of different tools and Frameworks to think about affordable housing that I think we should explore

that's land that can't be used for affordable housing, so they owe us something that can be used to improve affordable housing throughout the city.

The way that we do for affordable housing. And I really do like Kurt's idea here that if we can move away

the requirement of at least 50% affordable housing is changed to a fundamental desired outcome

is that the standard that we want to put 50% affordable housing in some of our lowest income residents

we would be saying it's okay to put 50% affordable housing on a

I know that boulder is always driving for increased density. Affordable housing, you know. What could we do

your thoughts on that new category for the 100% permanently affordable housing

we did not see a decrease in development of those types of affordable housing units

100% uh permanently affordable housing is a different category

It'll be affordable, permanently deed, restricted housing for the city of Boulder, which is awesome.

you don't normally associate with affordable housing. But we spent a lot of time on softening the rest of the site up.

So our mission is to provide safe, affordable housing for the community.

the housing Legacy program facilitates the donation or bequest of homes by Boulder homeowners wishing to leave a legacy of affordable home ownership for future Generations

adding my home to the affordable housing program is that a young family might be able to buy it

we had a recent an annexation which was the first time and who knows when if ever that were able to get middle-income housing

I could see the conversation certainly with the planning Reserve really having impacts if we're really going to do affordable housing and missing middle

I'd like to get some Community benefit in terms of of Middle Market housing or or affordable housing

Been on affordable housing issues or tenant rights. So issues. Something I do hope to. Address. In more detail at some other point.

they're not permanently deed, restricted as they are today, but they they do kind of fill in

using our city-owned parcels when it is residential to obtain affordable housing outcomes that simply are not possible on private property

when the city owns the land, that's an opportunity to do something that with affordable housing that you can't do on private property

we're taking one Gargantuan house and making it into 2 that provides more housing and more in theory, more affordable housing

would also give us some middle income housing right which I know that's not what we're talking about today

I think the issue is, there is no middle income housing left in boulder.

the city could exempt 100 permanently affordable developments from Site Review.

If it's deed restricted, it must be 100 permanently affordable, so can't just have a small portion of it, but it's affordable.

I'm a single mother and um a founder of yours and um which is an app that I'm helping to create um affordable housing Solutions

I'm here to talk about this hot new thing called affordable housing you might have heard of it

I'm very much in favor of housing affordable housing in Boulder I know it's tough for the workforce to afford to live in Boulder

especially in conjunction with the goal of um more affordable housing um without reducing design quality

because we have site review which leverages affordable housing, for you know, if you add additional floor area

the first includes homelessness and affordable housing this includes a $2 million grant that is a transformational

for a 100% permanently affordable housing Redevelopment with 113 residential units an on-site leasing office

it's a bad, bad policy to just get more and more affordable housing, because guess what?

33% affordable housing on site and 24 for sale town homes.

why are we building every single block in Boulder like we got five we got Gun Barrel two places of affordable housing

that might divert investment for more units of affordable housing or multif family housing

we run the risk of creating barriers to development for affordable housing and Commercial businesses

to give us an update on zoning for affordable housing

but if you put in affordable housing, you're reducing the housing stock available to students

And it reminds me of the fact that we've got 5 count of 5 affordable housing

if we look at the afford the affordable housing policy and planning Department program um we can see that this program

and 1 cent goes to fund affordable housing uh property values are reassessed every odd year

We just don't need more affordable housing that drives up the demand for affordable housing.

okay. the second problem. affordable housing does not meet. make housing more affordable.

from a policy standpoint there's been a little bit of a shift in in terms of emphasis and support from that.

being that we've been discussing the importance of home ownership and attainable and affordable housing and Rental housing

or more deed restricted um permanent affordable housing

looking at other ways of getting deed restricted affordable units rather than just adding housing Alone

permanently affordable housing which is deed restricted in perpetuity

we charge like a developers when they come in for the affordable housing program.

our city departments are doing on providing affordable housing to the community

and it's not helpful for for the affordable housing in this community

Low income housing tax credits are a Federal subsidy for population growth which do not benefit communities.

There's not even affordable housing in this project.

how historic preservation is relevant to respond to issues of affordable housing

the illusion of affordable housing, the low-income housing tax credit, bribes by the federal government

to create for us for sale. Affordable housing in the rest of the county.

the middle housing task force, just because we can't seem to get middleing from housing.

If we're gonna try to do that and provide that that opportunity for, you know, affordable housing in boulder in the in the historic districts.

There needs to be a new housing, affordable board, because Hab doesn't really do that.

It's a disgrace for affordable housing in boulder, because each time you put in a, you know, 10 million dollar house.

could we put a little bit of affordable housing fund money in in exchange for that conversion

decreasing review times and paperwork for small scale, commercial projects and affordable housing

if we think that this is going to create attainable, affordable housing for people that are working in this area outside of the tech sector.

There are ways to deal with vehicles that don't diminish our ability to build much needed housing.

It would work almost exactly like the State affordable housing credit.

Older has a goal of 15% affordable units. And we're like at 8 or something, 8 and a half.

would also create a new state affordable housing credit for those developments near transit.

There are some nuances with affordable housing. Federal tax credits that do guarantee a certain number of spaces

The planning board doesn't have to do the wrong thing for Boulder. and cause all of this affordable housing crisis.

We've got this affordable housing crisis, and we've got this policing problem.

identification of regional and local funding strategies to continue to increase support for affordable housing development

housing first strategies and Regional affordable housing efforts have guided the establishment of over 1500 permanently affordable housing units

there's so much emphasis that's being put on and pedestrian and bike traffic, and on affordable housing

That's kind of the only sort of kicker that felt like it was going to reward you is, if you just made affordable housing.

I'd also like to encourage on-site affordable units because that actually helps build community

promised to build 100 affordable housing units at 33rd in Arapaho but after building 311 Mapleton they dropped the affordable housing

test for interest in both market rate and permanently affordable deed, restricted units of various types and sizes

you know, talks about affordable housing and affordable housing and 2 different programs

the language itself talks right it it's it includes the idea that this is about affordable housing

recently constructed affordable housing projects reportedly cost 600,000 to 700,000 per door

It's a lot of fun usually biking around boulder looking at affordable housing.

Why do they need to think about artists in affordable housing

because if you don't have affordable housing and the artists leave your community, you don't have artists need to be here

rules about how much affordable housing gets built by private developers. When a new development comes online

we can marry the new data with zoning afford, with zoning changes that might bring us more diverse housing stock than we are getting

Well, I think there both of these items, both the the zoning for affordable housing 2 and the combination of Parking, Tdm and Npv.

As it is clear, a Barbell effect of luxury, housing, and low income housing is being developed while middle income housing is rarely, if ever, seen in planning

we collectively haven't talked all that much in the last couple of years on middle income housing

affordable housing can mean a lot of things to a lot of different people

a housing affordability and and additional opportunities for deed restricted, affordable housing today

currently um with the uh uh developments that are in our pipeline which is about 1100 units of affordable housing over the next um five or six years

somewhere between between um uh8 and10 million a year sometimes upwards as much as12 million a year is going into affordable housing um developments

these are some just some data points that were shared at the um affordable housing conference last week and so some of you may have already seen these

the parking lots are not historic uh and shouldn't be included and that they should be used for a community benefit such as affordable housing

we are very supportive of uh affordable housing and any other use that the city deems important

lost probably a year of the process to get the town home site to be affordable housing rezone

we talk a lot about affordable housing. I am a huge proponent of affordable housing.

The first phase of the Site Review criteria updates were mostly focused obviously around the affordable housing and adding that density and intensity, bonus

emphasis for residential development to permanently affordable housing next slide

for every market rate unit that they construct will have to build one affordable unit at the same time

the annexation agreement includes a requirement for the applicant to provide 40% of the total units or six units which ever is greater as permanently affordable housing

and affordable housing but um always keeping an eye on renters

land use reform affordable housing really should just be affordable housing

when there's a situation where there is going to be an affordable housing project or a homeless shelter.

The saddle motel at the mouth of the canon. So that was next a couple of years ago and we'll have the affordable units there as well.

I think it's looking at all of the costs to develop, not necessarily to construct

why don't we have more affordable housing in boulder?

We also had zoning for affordable housing which provided flexibility for more housing types.

there would be 4,000 affordable units available per year if we went to the maximum of 40 per development

some examples of that are permanently affordable units residential units within mixed use projects

we don't quite have enough funding to deliver all those units um from an affordable housing standpoint

be creating about 40 to 50 uh affordable units um on that site

that it has really dealt with no affordable housing or very little affordable housing being.

the fact that we really need affordable housing in this city and that's not. At all being addressed

There are no affordable units that are going to be there.

we also very much need more affordable housing um so

the carrot being that there would be approximately 30 million dollars in tax credits for affordable housing

there were opportunities to partner with Boulder housing partners and other affordable housing uh developers to deliver the affordable

so the annexation agreement has Provisions requiring um the units to be affordable uh they're also deed restricted

the city wanted to remove barriers to the desired housing types, such as permanently affordable housing

if this 200 acre site could be developed into housing for middle income and lower income

Less expensive housing. And. Make sure that. Boulder preserves its current chair of middle income housing.

I'm like, Working on this middle income housing needs assessment for the past few months.

this is supporting uh a grant that is received for the affordable housing modular Factory

Yeah, like, how does this compete with affordable housing goals?

I think some of our early efforts at deed restricted, permanently affordable. Owner, homes.

Once they are deed restricted, they become part of sort of the housing, inventory, the affordable housing inventory within the city.

And the 3 bedroom units are to be deed restricted at 1 20 to 150% of the area median income.

Portability, if I mean affordable housing. salary and employment support so specifically for creatives

I think that creatives need affordable housing to stay in this community.

Do you have one? I would suggest we include affordable housing.

affordable housing against the character of our community that had developed over the decades

his service has consistently focused on increasing access to affordable housing

it being an affordable housing project, you know, we're we're limited in our ability to raise additional revenue

because the property is actually property tax exempt due to the type of affordable housing and ownership model

preserving some Flex ability for the production of affordable housing and and I don't think we should

we want to make sure that our affordable housing projects are uh financially feasible

you know is that something Council supports us creating an exception for as service hot water heating for affordable housing

Because of the affordable housing along with the market rate housing. There's a concurrency requirement between the affordable.

The major reason this project got approved. And got the green light in the first place was the affordable housing aspect.

With low affordable housing, low parking. 3% low mixed use. Yet this project was thoughtlessly approved during our international COVID crisis.

currently 25% of units in new residential housing developments are required to be permanently affordable

this is a kind of a back stop review for a project with affordable units that does not

even if those aren't deed restricted affordable units I think that that because right now our Market is so out of balance

And affordable housing and preservation for small buildings is often they're often in direct conflict.

Affordable housing. I don't see how building a very large home like that is going to help with the affordable housing stock

And anyway, I also want more affordable housing in Boulder.

not as supportive generally speaking about affordable housing that is brought through regulatory approaches

the governor's General disposition is to favor affordable housing more as it's brought

it's really hard to do affordable housing when one unit to build in a multi family complex is $700,000.

Like, how can we make his own for affordable housing each other?

we're not providing any parking on site for the affordable housing buildings

That property has been purchased, and is being redeveloped in partnership with boulder housing partners for affordable housing

this is a boulder housing Partners project uh looks very promising with some missing middle housing deed restricted affordable

we approved a a letter of support for the 1B which is the affordable housing tax

Are they affordable units? If they are not, no.

low income housing tax credits to push for more Federal funds so that we can build more and more and more

how do we think about our cash and L money it's to build affordable housing but is it also as important

affordable housing can mean different things in different contexts and to different people

please allocate funding for affordable housing that would really make a difference in our community

there's a, you know, deed restricted component to this project

That we need deed restricted affordable units and then you're saying you're addressing that

we sort of self you know, govern the affordability of the project by market rate attainability

invested some of our um affordable housing dollars um into creating these units

actually creating and building affordable housing that is uh specifically dedicated um to the unhoused individuals

we built in additional housing Supportive Services for affordable housing so not necessarily permanent Supportive Housing

What are you gonna do? To make things more affordable for me.

Clean up the requirements for onsite or offsite affordable units. To allow them to be townhomes.

The next one is just modifying the affordable housing design review requirement.

50% unequivocally supporting arts and culture and 50% work homeless support and affordable housing.

it's more expensive to develop middle income housing than it is permanently affordable housing

But the 40 just seemed like a more reasonable number. So that would be a project with 10.

This has never been used. Essentially, it's very hard to actually do an off-site project without going through site review

the goal is obviously to get more attainable housing and with that getting more deed restricted permanently affordable housing

there was one member that expressed some skepticism about whether we would get more affordability if it's not deed restricted

so just reminding Council like what do we mean when we talk about affordable housing we've kind of looked at it

does that building end up being affordable housing? Or how many units is it?

largely because they are it is a transitional housing, affordable housing development.

There's gonna be 44 affordable housing units. 70% of the entire site is open space.

I believe that that ordinance, as currently written, exempts projects that are 100% affordable housing from site review.

the fact that the 44 units are intended to be 100% permanently affordable housing managed by boulder housing partners

additional affordable housing support to continue increasing the pace at which we're able to do affordable housing projects

as well as affordable housing development for 144 or planned affordable units at that site

the affordable housing is a key theme in in the 2024 budget we have a total investment of 31.8 million

I'd rather that's a market that's in Greater need and that's the market I think we ought to be serving

Are We Now pitting um the development of middle-income housing against affordable housing

let's address our affordable housing crisis by getting rid of artificial constraints on the market

as well as affordable housing, because that is only the goal of the Government seeking

Given the current regulatory environment and the healthy ordinance related to permanently affordable housing.

that got translated into a requirement that any new housing on the hill be a hundred percent affordable.

more tied to affordable housing requirements, and there is also still.

It's a permanent commitment to having these affordable rentals on site

to contribute significantly to affordable units in established neighborhoods where the infrastructure exists, amenity, rich areas.

Well, low income housing tax credits don't allow 80% rentals.

units instead of more smaller, modest size, more affordable units.

of more attainable housing, more housing units would be more deed, restricted, permanently affordable housing.

So before we start, I just wanted to touch on what is affordable housing. What do we mean when we say that

that's how you can get some affordable benefit out of a process that really does take away affordable unit

There's more units that are subject to, Ih, so we'd be adding to the inventory of deed restricted.

One thing we wanted to make really clear is is, what do we mean by affordable housing?

If at least 36% of the residential units are permanently affordable housing

it would be great to have more affordable housing in this part of town

the city's goal of more affordable housing can be achieved

I want to see more affordable housing units both for ownership and Rental I don't want to live in a rich Enclave

this helps the city reach its affordable housing goals

there have been zero um housing developments on the hill since that regulation was put into place so zero affordable units have been constructed

we're not not affordable housing, but attainable housing, I think, is what we're calling it

Yeah, that's why they got approved. Is that affordable housing? And then it doesn't happen, and it's a termination clause.

we're still going to get the affordable housing approvs absolutely yes

that at some point in time that will be 100 affordable units it will because of covenants on the property

Street as an affordable housing development also for seniors and that was uh documented through an agreement

I am concerned about the implications generally for housing affordability. when I read the annexation, the section 1.17 of the BBC.

gives a maybe a 2 to 3 times multiplier on whatever that is contributed from the affordable housing fund

build a unit of affordable housing and the the multiplier that we get with caching by leveraging it

the zoning for affordable housing, which will be coming back to have in coming weeks

on occupancy as well as zoning for affordable housing.

In our hopes to get some middle income housing that's affordable for some people.

It does help preserve existing housing stock and provide local solutions to affordable housing.

at the or most in need of relatively affordable housing, because people don't share housing if in general don't share housing

And if it can have a a land use that is supportive of more affordable housing.

but also affordable housing will be studying best land use for civic area

if we're going to spend more time on something to me it seems like it's more on affordability affordable housing

it would not be all luxury housing, it would not be all affordable housing

priorities in Boulder including creating affordable housing providing services for the homeless

and then addressing affordable housing and Human Services and also Public Safety

if they're not providing permanently affordable units on site they'd be subject to the same inclusionary housing requirements as any other development

It provide millions of dollars for affordable housing

We mentioned affordable housing. We have been doing quick back of the envelope calculations.

what that's worth in terms of affordable housing fees.

But how many actual bonus units that we get in affordable housing.

council is ignoring two very good ways at the affordable housing Supply can be increased number one raise the commercial linkage fees

we mean deed restricted permanently affordable housing we also mean attainable housing which is existing market rate housing

removing zoning barriers to more affordable units and more smaller modest size units

whether it it only applies to the affordable units, or if it applies to all of them.

City council wanted to preserve the incentive for affordable units and historic units.

how is that fitting into our overall goals to provide uh attainable and affordable housing

we have an affordable housing crisis in the United States. And it's your business as Eab, to to fix this

with regards to affordable housing and multi family, I think that's something that we could look at and definitely, we'll dig into

and also not discourage or make it less. you know, lower the volume of affordable housing that we can afford to provide with the same money.

there is very little little affordable housing for undergraduate non-freshman

will support both affordable housing being built by Boulder housing Partners

we will achieve one of the largest just affordable housing projects to Dayton City

BHP is developing the housing portions of the project these Center two Parcels will be affordable housing

lack of on-site affordable units um there were several speakers who expressed tentative support

why we couldn't use the fund from affordable housing for the day Center and it looks like we can 5 million yay

five of which would come from the affordable housing fund and then five from the general fund

one approach to providing affordable low and middle income housing would be a public private partnership

Goss Grove already does its part on affordable housing and building Community to include the less fortunate

the rush towards creating greater housing density in Boulder is a questionable goal that will not achieve its stated objective of increasing affordable housing

Now it's housing. and the lack of affordable housing. and the the real costs of housing.

in these affordable housing communities result in increased complaints to Property Management as well as increased complaints

affordable housing providers have identified meth use in their properties as one of their greatest challenges

Depot Square which is our private uh non-vhp affordable housing and let's say you're a family with little babies

that can develop that kind of middle income affordable housing that is so hard to develop in boulder

boulder should just significantly increase Cash and loop fees, commercial linkage fees, and look at other ways to get deed restricted units.

Is market rate missing middle, or do you want the permanently affordable deed restricted

I thought that students were not eligible for boulders affordable housing program

the exact number of affordable units that we could produce with the inclusionary housing, cash, and new fees

Cash and loo just doesn't do the trick because of our scarce housing stock

this is a quite a unique and Innovative approach to middle-income housing

there are proven ways to get more affordable housing we need to double down on those policies

that's a lot of affordable housing that we will be foregoing for these subsidies

So we wanted to use diagonal as a as an example of why this these types of changes would get more housing and more deed restricted permanently affordable housing.

Just so you can get more units, and by getting more units it would you would get more on-site affordable units

obviously most of the time when we say affordable housing, we're talking about deed restricted permanently

we as a department are used to making such investments in the community around affordable housing

why don't we prioritize families in our affordable housing in our permanently affordable housing

the housing vouchers and permanently affordable units neither none of which uh prioritize families with children

how do we build more affordable housing like real affordable housing

It would have potential for missing middle housing, for middle income, affordable housing that is so hard to develop in boulder.

as like a trade off for affordable housing. But I don't think that's great transportation or frankly housing policy

in the affordable housing communities in which we place them and that has created a set of difficulties

it's our affordable housing and we want to make sure that the people feel safe that live there

So that's what's been currently allowed for affordable units. So you saw a couple of examples of those.

which means it's affordable to no greater than 75% of the area median income

to determine that you know the our greatest affordability challenge is not with rental housing.

treating affordable units differently than market rate units

it'll increase the amount of deed restricted housing that we would get

so one thing we want to make clear tonight is what do we mean by affordable housing

So obviously the cost of housing in the community creates many barriers to many people having the ability to live in, stay and boulder.

Nonetheless, again, we need as much affordable housing as we can get, and if we can get just.

to the public's, you know, acceptance of of trying to get more affordable units.

the reason they're not building onsite affordable units is because he's essentially making a multi-million dollar land donation

No affordable units are proposed for this development as a substantial portion of the land will be donated for the new museum.

what our affordable housing objectives are beyond the the in blue funds

her lived experience is an affordable housing resident as well as with different kinds of housing organizations

work particularly around affordable housing and economic development I think having some kind of fresh eyes

he talked about affordable housing and he also you know he talked as well about sustainability

the focus should really be more on deed restricted housing

increasing housing Supply alone will not make a difference or move the needle on affordable housing

there was some concern expressed regarding the long-term affordability of the units given that they are not proposed to be deed restricted

affordable middle income housing and what they're doing at 22 Pearl is 45 units there probably should be 10 there

They are bringing the bucks in big time in the name of affordable middle income housing.

affordable housing, middle income, no 300 square feet for 1,700 to $2,600 a month, without a parking space

we're working on several projects of middle income housing and boulder.

one thing like um it was mentioned that some other cities are building a lot of affordable housing we are too

looking at other zoning ordinance amendments that could better incentivize smaller more affordable housing

Zoning for affordable housing so considering an ordinance to increase affordable housing by revising density

it will be the largest affordable housing project in the city when it's developed

I'm clear this is zoning for affordable housing, not deed restricted, affordable housing

It'd be greater than what's currently in the affordable housing deed, restricted program.

the parameters of the program here is that there's no income qualification requirement for the second household

you know, getting more affordable housing from our commercial development by increasing the linkage fee. Absolutely

if the linkage fee was double the price, they would probably still be building this project here

this land is the future solution to the affordable housing options Boulder seeks here we present a plan

the plan proposes 40 percent that is 34 middle income affordable units

not to just assume that because someone's an affordable unit, they don't need or have access to car transportation

But again, those affordable units can be a little bit bigger. They can be up t0 800 square feet

We also have some standards for affordable a to use, so those are capped at a maximum rent level

the need for affordable housing is so massive in this community

the stats on this slide are also what drive us to focus on deep affordability wherever possible

last 10 years has always shown affordability in affordable housing as being the highest and most consistent Community need

These are are not deed restricted. They are market rate, but again affordable by the the fact that they are smaller.

And therefore we're focused on market rate or non deed restricted middle income housing

I think it would be great if you would consider doing some onsite affordable units as well

none of the you know paltry amount of affordable housing in that's going to be on site can even use this

the chamber wanted to work with the city for more affordable housing

contiguity increases the amount of projects in the pipeline which there will increase attainable housing and affordable housing by Nature

the required affordable units, which is 25% are going to be have rents affordable to households

They can provide the affordable units on site integrated into the development.

It's actually referring to it what we would call attainable housing, which is housing that's affordable to individuals

what you can rent them out at per month is capped but isn't the Restriction also around who they can be rented to

the rental rates that we're getting it looked like most of them are being rented at affordable prices

you can see the difference between affordable and market rate the average affordable size is up to 634

because we're allowing a larger unit. If it's an affordable unit, so that bottom road shows the different allowances.

they have to attest to it, being affordable in the declaration of use, with the accessory dwelling unit

we need to write the zoning in a way that does incentivize either modest size units or deed restricted, affordable

potentially having someone or someone's come and share a little bit more about affordable housing and services for older adults

affordable housing for seniors may may continue to. but like what what may continue to happen in the future after gold and West

the housing Legacy program facilitates the donation or bequest of homes by Boulder homeowners wishing to leave a legacy of affordable home ownership

you're just making it worse and worse and worse and you're dreaming and knocking down the Glenwood site those are affordable

I know that or at least I believe that our wait lists are kind of long for affordable housing right now

So if the owner chooses to do an affordable unit, they can actually have an increased size limit and a reduced parking requirement.

just because you remove these saturation limits doesn't mean you're going to get affordable rental housing from 80 years.

we have these: this great lever for getting permanently affordable units in a to use, which is that you get a bigger size

designed the city's Backbone in 2017-2018 to deliberately run fiber near Boulder housing partner affordable housing sites

the applicant is subject to community benefit requirements so they excuse me that you would need to provide additional affordable units

there is an increase in the number of units and these are for sale units at this time increase in number of affordable units

the plan proposes 40 percent that is 34 middle income and affordable units

Wouldn't it be easier just to increase the requirement for affordable housing and each development

It's probably more likely to occur as part of the zoning for affordable housing project

Getting into the the meat of the zoning for affordable housing code change

After many hours of time spent by staff paid for by the taxpayers and for an affordable housing senior center that never happened.

it would have jeopardized their ability to build the affordable units on the adjacent site

they automatically get into a situation where they they they can do onsite affordable housing, but they don't have to

this will speed gentrification and reduce affordable housing emails obtained through the Colorado open records act

these would be high impact Market driven solutions to the affordable housing crisis but this annexation is not about affordable housing

and the way it's connected is it's all about affordable housing now

and this is a affordable housing. So it's managed by boulder housing partners

if I was getting an affordable unit because of size, and it's so on the so close on this one

I assume this is an affordable unit based on the square footage. Is that right?

It's primarily, at least, from a public perspective focusing on the affordable housing aspect.

it's not that we don't want to promote affordable housing

The issues with limiting growth in and cities, and especially not having compact development, is preventing us from having the affordable housing.

it seems like you ought to be able to get out of it by going ahead and building that you that's designated affordable

That's where the developer has to pay the city for the cash in the program

I don't know where we're going to have super affordable housing on Pro Street

when in what year did we establish our middle income housing goal

the city has different categories of affordable housing. Low income

the possibility of changing Zoning so that more affordable units can Be built on site is what we need to do

The Academy of 311 as affordable housing for 95 seniors they were able to opt out of that

that provides access to over 300 affordable housing units across the BHP sites

Staff debrief to planning board on council's, two thousand and twenty-three priorities and affordable housing plans

the cash in lieu would be seven and a half million in a for sale unit

one of the things staff could do to address the housing crisis is to have one of the that Criterion be pulled

the most important Point permits cash and lieu for all of the affordable units

over three hundred permanently affordable housing units as part of phase one

one of the challenges that we have with the affordable housing program and the bonus

trying to achieve the city's overall housing goals by offering an incentive for developers and select zones

we're talking about adus and we're talking about access to Affordable more affordable units housing units

so that we get a higher percentage of affordable units out of projects in areas where housing is anticipated

you will not find very much greater opportunity for affordable or middle-income housing than um land

the affordable housing requirement for any um development needs to be a hundred percent

spaces affordable housing for creatives and even the establishment of a Performing Arts facility in central Boulder

making sure that the fee paid into the affordable housing fund for new residential units considers the number of units

they viewed the need for more affordable housing as overriding to the need to preserve that building

So what? What what would you say to the people who are excited about this Project and supporting it that are looking for middle income housing

So we get very few of for sale, affordable units through any of our mechanisms.

We can't just stop building new places for people to live in bolder because of the vicissitudes of things like interest rates

bring back some of the some really great facts and figures tonight around low income afford affordable housing here in Boulder

what is our regional approach to Middle income um attainable housing because we do have communities that surround us

the developers aren't producing the um kind of affordable homes for ownership they're producing more rental units

Not a meeting, and I noted when we went by a senior affordable housing project.

Personally, I would love there to be, because to me it seems like another opportunity for market rate, affordable housing

123 on affordable housing, and that is a big no philanthropy is the barometer of social injustice.

making sure that there are affordable housing options in Boulder

I'm here once again to discuss Boulder's flawed affordable housing and housing first programs

that the state has 300 million dollars that they are going to be focusing on affordable housing

again affordable housing is a really important thing to the city of course but this is something that we're just not sure what it'll look like

it looks like we are going to be uh likely to get half a million for the city's affordable housing modular Factory

increased funding going to mental mental health support towards Addiction Services towards um affordable housing

I'm commenting tonight on the 2023 budget of 11 million dollars for affordable housing investment

but for affordable, it's interesting to see that almost double the amount of attached units or affordable units

There's nothing that if it's got affordable housing, it's going to get through.

How many ads are unaffordable? How many market rate ads are unaffordable?

the urgency for affordable and middle income housing is such that I actually think

greater opportunity for affordable and middle income housing than TV2 which is basically going to be market rate housing

not just for housing but for affordable and potentially middle income housing either through Community benefit agreements

many critical community members cannot afford to live within the city limits right now

the high-end condos are driving up the cost of affordable housing and so there's more an affordable housing demand

the largest of which is the 11 million dollars for affordable housing so i'll walk you through that process

it is to point out that we have almost 30 million dollars in in our base budget related to our affordable housing investments

in my view, small houses are the closest things we've got to keeping some affordable housing

we're fortunate in the city Boulder to have a strong affordable housing program

property acquisition which is investment in new affordable housing

to address the critical housing crisis in the City of Boulder

then October twenty, seventh, is a middle income housing, and or well

we are really at a crisis in affordable housing for artists and musicians

a higher amount of affordable units would be required either on site

in terms of um providing more affordable housing to our community even if it's not you know permanently affordable

for things like having a hundred percent affordable housing

the proposed affordable housing provided at time of redevelopment satisfies that requirement for community benefit

50 percent of the new units are deed restricted affordable units i would just note that the applicant receives a credit

i'm the inclusionary housing program manager and i also do the negotiations for affordable housing and annexations

it also dedicates five acres of land to the community for affordable housing open to those who qualify

affordable housing student housing floodplain protection and in this case again the needs of the many

issue number two affordable housing actions have long-term consequences if you allow a new building with 25 affordable and the rest are luxury units

the data shows we have this gap in middle income housing right now in the city, we have a gap in product

Focusing on housing, particularly middle income, housing, which we know there's a huge gap in here

we focus that any of their prioritization focus on that filling that gap of the missing middle middle income, housing

if they are allowed to to violate our affordable housing on site and say cash in lieu just because they decide to

needing to have oversight on affordable housing in boulder needs to be looked at and needs to be done immediately

regarding li tech and oz these are schemes that will get us to have more affordable housing

proposing rental income rental units at 60 ami because 60 ami is really close to market right

they have the obligation to right to provide a proportion for affordable housing as well

after someone closes we never look at the income again and i think the idea is we don't want to kick people out of their homes

many of our affordable units are sort of in that size range as well are there

part of our middle income housing strategy when we can't or or for market rate housing that is not deed restricted is to create a housing type

in addition the cash and low contributions would be used to leverage state and federal funds to create additional permanently affordable housing elsewhere in the city

I realize, you are doing it, to some extent with affordable housing.

It just shows how with affordable housing, it increases the overall diversity of our city

lot of those units were acquired and then had to be rehabilitated and then over time we've also rehabilitated existing units

how we get to middle-income housing because i do not think it was properly addressed

concerned about the representations that have been made with respect to the plan creating middle-income housing

the emphasis on middle-income housing and diversity of housing types is really central to this plan

i am interested in understanding how we will get middle income housing when the market seems to be incapable

i was a part of the development of the 2016 middle income housing strategy

a lot of people are interested in deed restricted homes for purchase not just rental affordable units

incentivizing the development of affordable housing and supporting mixed use redevelopment to provide future residents

and for sale deed restriction housing, I would recommend we move that, beyond the next meeting

we have more and more affordable housing that we need for the more and more folks that cannot afford housing in boulder

this is the kind of serious impact that we have on our affordable housing community

are not representative of uh a transaction that will advance our affordable housing goals

council maybe direct the housing department to consider uh some of those funds for middle-income housing

the state of colorado has proposed to dedicate 400 million dollars of federal relief funds to affordable housing

there's a clear need for affordable housing in boulder where the cost of living is already high

Well, in our concerns for affordable housing and our attempts to address that, and you know

focused more on the middle income housing as part of that

since affordable housing is a city-wide program shouldn't all city homeowners instead of just the disadvantaged minority pay

where these individuals call home now have uh community spaces

we're actually um creating a great deal of affordable housing right now um we've got about a th units in the pipeline

purchasing existing um affordable units and um uh bringing them up to standard and reselling them

over 1100 units of affordable housing have been created in the city and um I believe it's 423 units

i would also like to see the city create a deed restricted middle income housing program

why middle-income housing became one of the most important things to me is now that people can decide where they want to work

since we own much of the land we can probably achieve a high level of affordability and middle income housing there

The best part of the program In addition, the fact that we can get some people into middle income housing

evaluating how including your housing could be more focused in some circumstances on middle income housing

developments had to have at least five or six units before it made it even started to make sense to create an affordable unit

do we expect any Ripple effects on people who do qualify for affordable housing and are we taking steps to make sure

it was supposed to be developed as affordable housing at that point that was part of the closure

most residents um maintain their affordable housing but some residents um uh their their incomes go up

residents um that were living there qualify for affordable housing and they're they're staying there

but because it wants to create more affordable housing

we'll be paying $15 million in cash and L that will go into the city's fund to fund affordable housing

either on-site affordable units or an increase in the inl fee contribution to the affordable housing fund

the big financing aspect for rental generally is is uh low-income housing tax credits They Don't Really Work

I like missing middle housing, because even though our are missing middle is still more expensive

propose initiatives will support and expand middle income housing

there seemed to be a strong consensus that we have an affordable housing crisis and boulder needs affordable housing

going from what used to be simple affordable housing um to Mega Million doll houses

this past election showed that occupancy limits and affordable housing are huge issues to many in Boulder

moving forward with desperately needed affordable housing for our seniors

has used her voice to amplify issues of racial equity affordable housing climate action and strategic planning

on issues ranging from homelessness and affordable housing to municipalization and climate crisis resiliency

has been a strong advocate for reducing wealth inequality and for increasing affordable housing living wages

and force a certain amount of it to be deed restricted, I guess, if they're owning it they can't really sell it right away

the tools that we use to get those permanently affordable units, the low income housing tax credits, those are only available to low and moderate income households

we're not going to hit it all with one fell swoop kind of our discussion around middle income, housing

by putting the affordable units on site as uh everyone understands that is a goal that we have on this council

the project should have at least 40 percent affordable housing and that would result in a additional 43 affordable units

middle um affordable housing requirement will be based on 25 percent of the entire development

some of us have said, we want to see more units and more affordable units

amongst the town homes we can provide two uh affordable units as well that would be for sale

the only exception that would allow for a certain percentage of units on the property to be permanently affordable units

if it was council's will to have say more affordable units or more more units altogether is that something that we can mandate or require

the challenge that we have with middle income right is that there isn't a federal tax incentive through the low income housing tax credits

So I mean I give you an overview of the middle income housing strategy

is that the stock is very low, and when we had the developers even our own, are you know, affordable housing here in the city

how much you talk about investing in affordable housing

is used to provide effective affordable housing for our community

there will be five acres of permanently affordable housing which are accessible to the entire community

it is not a surprise to many that affordable housing options in Boulder are scarce

if we've also identified affordable housing as a central barrier to recruiting a more diverse graduate student body

a meager five acres out of 308 for affordable housing and no enrollment cap at CU to guarantee any real effect on our affordable housing deficit

Just like they have you know 25%. affordable housing that. affordable housing goes far to get. projects approved.

they do have all the usual litec and section 8 and things like that um and the low-income housing tax credit

and then they drop their affordable housing and you approve them because of their affordable housing gone poof disappeared

we're having a presentation on the middle income housing strategy review

You can't use low income housing tax credits there isn't federal money there isn't state money.

And 1000 would be deed restricted affordable and if hopefully you guys remember this

ways that our funds could support uh affordable housing in town

making a $12 minimum wage makes finding affordable housing almost impossible

everyone agrees that we need more affordable housing for low moderate income workers

Creating more affordable housing here. Is. is another thing that.

in exchange for providing upfront funding for affordable housing so.

Affordable rental housing, and that is the low income housing tax credit you'll see it commonly abbreviated here

I mean even can talk more about how they utilize low income tax credits, I mean they do it for pretty much all of their projects

it wiped out a bunch of affordable middle-income housing it was rental but it is gone now

how do we incentivize middle income housing units in this area whether it's owned or rental

this could contribute between 580 and 1100 new permanently affordable units

the Habitat for Humanity units um I assume they will be deed restricted uh in perpetuity

units in Gun Barrel in the affordable housing program that's due to a conscious choice of developers

and that affordable housing causes a demand for service workers clerks and the bank and the grocery store

60 to 70-ish new affordable family affordable units community park sidewalks

either lot area waived or open space reduced for permanent affordable units

boulder should reduce the number of required parking spaces in affordable housing

by by this Panacea of affordable housing it's not affordable because you know like at Gun Barrel

Boulder housing Partners is heavily subsidized by lck and other grants that support um affordable housing in Boulder

so for example with affordable housing funds we can only spend those within the city boundary

there is however a potential solution which is that of affordable housing and you're probably familiar with some of these numbers

this concept of the missing middle they've shown a significant interest in that

um middle-income housing that reviewing that strategy might be a good topic for potentially july or august

marpa house was the model of affordable housing in boulder and yet you're scrambling to do more affordable housing

it's an opportunity because the city owns that property to have way more affordable housing than ever before

this site was affordable housing on the hill and so we're losing some of that affordable housing

with a percentage of units reserved for affordable housing the neighborhood would support that sort of Redevelopment

our cash and L payment on this property will be uh nearly $600,000

What was considered affordable housing in boulder included everything from homeless shelters to middle income housing

So I will. So we share the commitment to middle income housing the quick answer as to why we haven't moved more quickly

Could you talk a little bit about the middle income housing strategy, how many middle income units, we have added.

every dollar that we spend on our affordable housing program is um keeping people from being homeless

a specific ask for what that affordable housing could look like

the people that would qualify for the affordable housing

affordable housing is one of those kind of center pieces of annexations

regarding kind of response to Mark's comment that this was the bare minimum of affordable housing it is actually the maximum of affordable housing and its onsite

Boulder will remain a daily homogeneous City in terms of race and ethnicity and an econ economic status unless it directly addresses the affordable housing issues

although this project proposes high density housing it offers only a minimum of affordable units while requesting a long list of exceptions

affordable housing is the intersection of nearly every planning issue and i appreciate you bringing up the question

one of the advantages of the cash andl and affordable housing is that it is then leveraged to get more affordable housing

the program should be more weighted towards affordable housing nevertheless most of the council agreed

the entire development they're all um for sale permanently affordable units

manufactured housing really is the only or the largest subsid this largest unsubsidized source of affordable housing in Colorado

this actually helps to preserve the affordable housing um here in these diverse communities

they as they strive to protect this very important source of unsubsidized Market affordable housing

we've heard that the county is considering some sort of affordable housing or and or transportation sales tax

they're in the in the middle are intended to be affordable apartment style buildings

reconsidered the parcel previously identified as county services as affordable housing

WAYS THAHAT THEYY COULD INCREASESE AFFORDABLEE HOUSINGNR MIDDLE INCOME HOUSING

we need to say no to their vague Promises of affordable housing

we, as you know, government agency are able to provide the permanently affordable, but it's the stuff in between

Discussing new tools or potential tools that might lead to more opportunities for housing that is affordable

we appreciate council's commitment towards the city's affordable housing goals and hope that council will explore

of course increasing affordable housing and units for people to exit homelessness

I know that 64 luxury condos are not going to help the people who need help even if it Nets us nine affordable units

I do take some consolation of the fact that we um continue to add lots and lots of affordable units

we have permanent affordable housing all over town so the rent is controlled it's just not rent control

didn't we have a presentation on all middle-income housing that specifically talked about the timelines

the money that went into the affordable housing fund for cash and L will be used

the more affordable housing you have is not it's it's not a Panacea because each affordable unit has service demands

we've long been looking for affordable opportunities in Gun Barrel as there is no affordable housing in the Gun Barrel

the absence of affordable housing in Boulder puts its residents at risk of violence which the camping ban exacerbates

And so I protect what you already have in terms of affordable housing.

what the number of affordable homes affordable units that we are short

Then we try to secure as many resources as we can for long term assistance in this is also permanently affordable units as well.

the number of units and the square footage that is viable for an affordable housing project lead us to

the annex parcel is the parcel that includes um the affordable housing component along with the event space

I speak for the entire HOA of the Walnut condos though we completely support the goal of affordable housing

The reason why these programs need to exist is because we have an inadequate number of affordable housing units in this city

everybody forgot the work he did trying to promote affordable housing

we're building more affordable housing now Housing Voucher Lottery comes up here soon

occupancy limits until the city has addressed the harms of this law that evicts people and prevents people from affordable housing options in Boulder

stop chasing our tales about homelessness and affordable housing is to put more constraints on these higher end

i think that that we need to look at between the business that's going in there and the proximity of the affordable housing

that commercial linkage fee was adopted specifically to support affordable housing as brought in on the order of five million dollars

was there any effort to look at how affordable housing existing affordable housing fits into that string of pearls puzzle

picking the particular one, you did about the Affordable housing experience is a perfect example

it was made clear that, hey, we're an advisory board. So we don't have any power to change policy

this piece about a possible tiny home village for permanently affordable housing or permanent or transitional housing

WITH FULL COMMUNITY CONTROL AND A VERY EXPLICIT CONNECTION TO THE AFFORDABLE HOUSING AND SOCIAL EQUITY ISSUES WE FACE

ON THE GOOD THINGS LIKE YOU ASSISTANCE AND AFFORDABLE HOUSING THAT WE CAN DO IT FOR THIRTY MILLION DOLLARS A YEAR

any exemption on taxes or fees for the city affordable housing programs

and then um the exemption for affordable housing um for BHP would that include other affordable housing

affordable housing is not exempt although there is some question that's been raised about whether or not under state law the fee would apply to affordable housing units

why would you be opposed to exempting affordable housing

many of my neighbors also work in cu or are in trades without affordable housing we couldn't afford to live in boulder

this project is worth considering especially because of its inclusion of permanently affordable and modest market rate rental units

we delivered 105 on-site affordable units along with donating the land

while I certainly recognize the need for affordable housing I don't think that this community is what you're looking for

the lack of affordable housing options for students not only turns away potential students

adding the right to affordable housing to the Charter is absolutely essential to protecting our most vulnerable residents

every single student I have talk to who considers CU has mentioned lack of affordable housing as a deterrent for coming to Boulder

it's not just new affordable units that come into the city

more than half of the individuals that we're serving through our affordable housing program

converting different buildings into affordable housing we fully support that

all of these things support boulder progressives goals of achieving secure and affordable housing for all members of our community

especially those related to permanently affordable housing senior housing enhanced design and repurposing of the existing sanctuary building

is it really dense enough to meet the needs for affordable housing

the local housing authorities agreed to set aside 20% of their affordable housing vacancies to use for people experiencing homelessness

So when people talk about affordable housing in Boulder, they should understand that we have a diverse approach to affordable housing

Under $50,000 per unit, which is probably about half of what we've seen over the last few years

This project has 300 units of affordable housing overall on the entire block

currently we've put in 4.8 million dollars into affordable housing developments

almost 1500 units of affordable affordable housing have been added to the city

the development is proposed to include 25 permanently affordable housing or 68 units on the southernmost lot

with 450 permanently affordable units built in phase one

very little of this kind of housing deed restricted or not is being produced

to explore this high high Community benefit to encourage more affordable housing

it's now owned by boulder housing partners who are through the entitlement process create affordable housing there starting in 2021

I think it's really important that we make a distinction between low-income um housing

it's also worth noting um I believe there's 220 affordable units that have been added to the city um in this year

I've recently been reading the 1999 city of Boulder toolkit for affordable housing the 2000 and the 2010 affordable housing task force recommendations

ARREST WAS AT THIS POINT BUT APPROXIMATELY ONE MILLION DOLLARS IN LINKAGE FEE FOR AFFORDABLE HOUSING

for the affordable units if you lost their job they both the housing authority for the county

NONETHELESS WE SHOULD NOT CURTAIL OR ARM OR OPPORTUNITY TO HAVE MORE AFFORDABLE HOUSING

COUNCIL REQUESTED THAT FEES ONE BE CREATED WITH A FOCUS ON PEARLY AFFORDABLE HOUSING

the goals of the of the existing plan are to preserve affordable housing reduce homelessness increase economic empowerment of individuals

he seems to be familiar with every form of affordable housing Finance vehicle and structure

some of our naturally affordable housing as aging and um and then she spoke specific specifically to um preservation

PEOPLE THAT ARE IN THE MARKET FOR AFFORDABLE UNITS AS WELL

OUR AFFORDABLE HOUSING PROVIDERS ARE WORKING WITH ALL THEIR TENANTS ARE STRUGGLING AND SETTING UP PAYMENT PLANS

WE ARE LOOKING AT POSSIBLY FINDING A WAY TO INSPECT THE AFFORDABLE UNITS THAT MIGHT BE NEEDED

RVs for vans and convertible school buses are viable low-cost solutions to offset affordable housing

in terms of meeting their issues relative to affordable housing

one of the most difficult things it is for us to create in the municipal or even in the private sector is affordable housing

we try to extract um 40 to 50% affordable housing that's our biggest um Community benefit

some of those benefits include um permanently affordable housing but it also includes things like

one of the fundamental flaws in our affordable housing system is that only through building are we acquiring more money

we expanded the city's affordable housing goal from 10% to 15%

think there's also a practical challenge with somebody who doesn't otherwise manage affordable units to manage one affordable unit

the discussion at the meeting was two-thirds transportation one-third for affordable housing

there is also the possibility of linking it to affordable housing

there is affordable housing that's owned by someone by organizations other than bhp

staff estimated that the city could construct approximately 70 affordable units elsewhere in the city

staff provided a preliminary assessment of the site's affordable housing potential under three scenarios

then require more affordable housing or more funds

narratives that we don't typically here around the affordable housing crisis oftentimes is centered on just price

our mission isn't permanently affordable housing its housing in general and I think there's a lot of neighborhoods

IF THESE ARE KIND OF BROUGHT ME CLOSER TO KNOWING THE PERCENTAGE OF PERMANENTLY AFFORDABLE HOUSING

AFFORDABLE HOUSING PRIMARILY OCCUPIES THE NORTHERN HALF OF THE MAIN BLOCK

INCLUDING AFFORDABLE HOUSING SUSTAINABILITY CITY FACILITIES AND LAND USE

they could potentially pair up and have a listening session for local artists around the topic of affordable housing

continue as employer liaison exploring partnerships for employee affordable housing

one on the affordable housing experience and the other one how to raise money for permanently affordable housing

with the caveat that the Adu be a permanently affordable unit could we do something like that

it wasn't until the late 1980s the low-income housing tax credits began and started to replace

the middle income housing strategy identified home ownership as the biggest hurdle for middle-income residents

the First Community benefit that we established was for affordable housing

when we're trying to elevate minorities and um and people with lower incomes in how in affordable housing

I went on the affordable housing tour um and up at the bus stop

with the County work presumably if there's a county tax it's gonna get distributed particularly for affordable housing for affordable housing projects

it will be a combination of transportation and affordable housing looking at sales tax property tax

a single tax measure which includes both transportation and affordable housing housing as part of that tax measure

we will have transportation issues and affordable housing issues that this group will be talking about

ballot issue 2 H sales and use tax extension passed and ballot issue 2 I middle income housing program passed

council that want to work to find Creative Solutions for affordable housing needs there's so much more we can do together

I'm happy to invite new voices to city council especially when the words affordable housing were brought up

issue is affordable housing here and my own affordable housing which is permanent

the project is being financed in part with low-income housing tax credits under those rules you cannot have

they have a 30-year requirement to maintain that site as affordable housing so at a minimum they have to maintain it through 2037

the one exception to that is if we're going to get 40% affordable housing which we have agreed as a community is something we want

focusing new housing into affordable units as much as feasible could we modify the city codes to incentivize

I would really like to see an assessment and a review and this has to do with middle income housing

what we do in terms of providing affordable housing in the city is very opportunistic

I APPRECIATE THE CITY'S COMMITMENT TO AFFORDABLE HOUSING AND THE AREAS WHERE THE CITY STAFF HAVE WORKED

ABOUT THE AFFORDABLE HOUSING ASPECT TO KNOW IT WAS IT WAS ABOUT THE AFFORDABLE HOUSING.

THE HIGHEST AM I CAN GO ON THE PRICE OF HOMES THROUGH THIS IS A MAXIMUM OF THREE

THEY HAD SOME PROMISE ABOUT WAYS THAT WE COULD REALLY GET SOME ADDITIONAL DEED RESTRICTED

AND YOU TAKE A CERTAIN AMOUNT OF AFFORDABLE HOUSING

YOU'D SEE HALF OF THE AFFORDABLE UNITS ON SITE AND THEN YOU WOULD SEE THE FOUR ADDITIONAL UNITS

I WOULD BE HOPING THAT WE COULD LEVERAGE THIS MUCH AFFORDABLE HOUSING AT THE SITE

IN ORDER TO FACILITATE AFFORDABLE HOUSING PROJECTS AND HIGHER YIELD AND AFFORDABLE HOUSING

how are you really with the cash and LU dollars able to get extract the amount of affordable housing out of a project

we really care about permanently affordable housing and I just don't see enough in there that actually gives me a good feeling

they pay more linkage fee that's more money that goes into the affordable housing fund that the end is used to go build more affordable housing properties

WE GET TO OVER FIFTY PERCENT AFFORDABLE UNITS FOR RATE NEAR FIFTY PERCENT AFFORDABLE UNITS WHICH IS FANTASTIC

BUT WE'RE ANTICIPATING SOME HOMEOWNERSHIP AFFORDABLE UNITS THERE AS WELL SO IT WAS NUMBERS DON'T CAPTURE THAT

the major goals of this focus area are to increase the number of affordable units in the city and increase the diversity of housing types

affordable units do a deed restricted affordability as an element there's a lot of really creative ways how would you do it as a part of sub Community Planning

it's city land is always a good place to start for affordable housing I think so if that could be

WOULD LIMIT OFFICE SQUARE FOOTAGE TO TWENTY FIVE PERCENT OF THE BUILDING AND TO INCENTIVIZE

SO IF THEY HAVE THE DEED RESTRICTED ON THE THIRD FLOOR

IF ITS ON SITE FIRMLY AFFORDABLE HOUSING MEETING THE I H PROGRAM

WE DID GET A LOT MORE AFFORDABLE HOUSING ON THIS SITE.

THROUGHOUT THE THIS IS A CITY OWNED SITE WE WANT TO GET THE KIND OF AFFORDABLE HOUSING THAT WE DON'T ALWAYS GET.

IF I HAD TO ALSO HAVE HOUSING AND A LOT OF AFFORDABLE HOUSING IN MIDDLE INCOME HOUSING

we've got a goal of 3500 housing units in the middle income housing strategy by 2030

there's a much deeper um need for an affordable housing program so if you wouldn't mind speaking to that

the Commissioners have um said that they would um make that whole site available for um affordable housing

there was an affordable housing bill that also passed and it creates 30 million dollars of additional funding for affordable housing

another recent update was that the city excuse me the Cu boulders a boulder affordable housing research

you're trying to get affordable housing in Boulder and help out these mobile home people

about voting on deed restrictions and for people that are going to provide affordable housing

I believe my idea offers way more affordable housing and doesn't as negatively impact the neighborhood character as this

it certainly wouldn't add to our affordable housing goals over necessarily

THE WORST DEED RESTRICTED IN THEIR SUMMER SEASON STICK TO PERMIT AFFORDABLE

I'M NOT SURE THAT WE'RE MAKING THAT COMMITMENT NOW I THINK WE'RE SEEING THE PROPERTY'S DEED RESTRICTED

I THINK THE MIDDLE INCOME STRATEGY IS IS A DIFFICULT ONE AND IT'S NOT INTUITIVE BUT IT'S ACTUALLY MORE EXPENSIVE TO CREATE MIDDLE INCOME HOUSING

IT PROVIDES AFFORDABLE HOUSING AND MUCH NEEDED DIVERSITY IN BOULDER

ONE THAT INCREASES TRASH INCREASES NOISE THAT PRODUCES AFFORDABLE HOUSING

the key points really are around the housing goal about creating diverse and affordable housing allowing for a variety

in trying to preserve middle income housing and households one challenge is the engagement with the city process

it takes to do a low-income housing tax credit low-income project which is pretty much everything that we see in the rental market

just affordable housing and mobility to and from your job is those things are very linked

have a lot of permanently affordable mixed income housing permanently affordable so middle income housing

if even if it came through the process it doesn't meet the fundamental goal of affordable housing

it offers good potential for affordable housing on the site

if somebody wants to build deed restricted middle-income housing as we define that they can get credit

it says if affordable units whether they be commercial or housing or provided

we'll have deed restricted affordability and what does that look like

the low income housing tax credits do not have the any restrictions on assets this is a city of Boulder compliance

tonight when we say affordable housing we mean deed restricted permanently affordable housing correct

public monies that go towards affordable housing in Boulder

I urge Boulder City Council to expand your services and afford affordable housing programs to alleviate the suffering of people living

may be affordable housing in market-rate middle-income housing great

it also seems married to your idea of phasing that doing market rate first will produce funding for affordable housing

you know what would be created for the site if we wanted additional affordable housing probably above 25%

WITH INCREASING OUR AFFORDABLE HOUSING CHALLENGES SO IF WE'RE GOING TO DO SAMPLING

ONE OF THE THINGS THAT WE DECIDED NOT TO DO THIS YEAR WAS AN AFFORDABLE HOUSING TAX

SO WHILE THERE'S CERTAINLY A SOCIAL BENEFIT TO HAVING ON SITE IF THE MATH WORKS OUT FOR THIS PROJECT

SECOND WE GET FOUR MORE AFFORDABLE HOUSING UNITS WITH CASH BECAUSE WE CAN LEVERAGE THAT A LOT OF WAYS

we also look at segmentation of HOAs with and without affordable units overall a lot of parallels between the two

that the affordable inventory is working with HOA services

if you isolate just those HOAs that have affordable units and that turns out to be 20 HOAs

AFFORDABLE HOUSING IS A COMMUNITY BENEFIT. CORRECT BECAUSE RATE WELL AS SAY A NEW SENATOR IS A REASON

WHAT WE WOULD DO IS HAVE AFFORDABLE HOUSING AS ONLY OPTION TO START WITH

THERE WERE SOME SUGGESTIONS BY PLANNING BOARD MEMBERS TO LOOK AT ON SITE AFFORDABLE HOUSING

I don't think the middle income housing support needs to be here at three million I think we can do it

we want to get as many different experiences from different affordable housing resident renters owners

I don't know how many affordable housing units are the 1,300 I can't quite I can get to

including the developer developers who would be interested in showing their perspective about how affordable housing has become what it is

let's see if our actions can help us maintain this option as the most affordable form of detached housing that we have

I think the significance of it that we understand is that it's a detached relatively affordable housing stock

NONPROFIT DEDICATED TO BRINGING MORE AFFORDABLE HOUSING TO BOULDER

DISTINGUISHED HERSELF AS A STRONG ADVOCATE FOR A DIVERSE AND AFFORDABLE HOUSING STOCK

manufactured home communities are I was so naturally affordable compared to like low income housing tax credit

entering into a form of housing that really truly is affordable housing the real deal affordable housing

they're a huge part of creating more affordable housing in the community as well and managing that affordable housing

and then having middle-income housing on a second third fourth floor

we should put money into some kind of affordable housing because that's an opportunity to lose

not at a time when we have a shortage of housing to give it up to essentially subsidize

generally when the city helps subsidize an affordable pri housing project what do we contribute on a per-unit basis

currently there's no sort of affordable housing funds that goes into nightly shelter expenses

there's very high interest in this for affordable housing if possible

their big things this year is affordable housing housing for artists and including also studio

they mentioned were the preservation of existing affordable housing stock they mentioned tiny homes

a significant amount of our funding is currently going into preservation projects not just new

IF WE WERE TO WANT TO REQUIRE AN ADDITIONAL FIVE PERCENT AFFORDABLE HOUSING IN THIS OPPORTUNITY ZONE

IF WE WANT TO CONSIDER HIGHER AFFORDABLE HOUSING REQUIREMENTS FOR THEM

we have 30 you know 26 units scheduled for permanently affordable housing

there's so many other things that we could do to add affordability in the city

it is actually a low-income housing tax credit financing that is allocated by the Colorado Housing Finance Authority

see how much of a problem it is amongst how many of the of the permanent affordable units in town

we include that in the public hearing because it fits with affordable housing resident concerns because the owners are also residents