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City staff reviews affordable‑homeownership programs and resident survey; HOA dues and aging owners noted
Summary
City staff reviewed three city homeownership programs and a 2025 resident survey, reporting high participant satisfaction but flagging rising homeowners association costs and more retirees among deed‑restricted homeowners.
City staff (identified in the meeting as Holly) briefed the Housing Advisory Board on the city’s affordable‑homeownership programs and survey results, saying the programs show broad homeowner satisfaction but flagged rising homeowners association (HOA) costs and a demographic shift toward older participants.
Holly said the city defines affordability as housing costs equal to no more than one‑third of household income and that, for Boulder’s metropolitan area in 2025, HUD’s area median income (AMI) for a three‑person household was about $135,000.
She reviewed three city programs: - A middle‑income down‑payment assistance pilot that offers up to $200,000 or 30% of a home’s sales price as a zero‑interest…
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