Broomfield details housing programs, inclusionary ordinance and funding for income-aligned units

Sharon Tessier, housing policy manager for the City and County of Broomfield, summarized the housing division’s programs, recent housing data and how the city uses a mix of federal, state and local funding to produce and preserve income-aligned housing.

Tessier said Broomfield relies on a range of data sources including a local housing needs assessment completed in 2023 and regional/state sources such as the Colorado Division of Housing and the Colorado Housing Finance Authority. She told the briefing that the 2024 median income for a two-person household in Broomfield was about $99,300 and that roughly 43% of renters are cost-burdened, defined as spending more than 30% of income on housing. Tessier gave a 2024 median monthly rent for a one-bedroom apartment at $2,074 and said that an annual income of roughly $82,960 — about 84% of area median income (AMI) — is required to afford that rent as presented.

Inclusionary housing and funding: Tessier and Katie Allen summarized Broomfield’s inclusionary housing ordinance (IHO), adopted beginning in 2020, which…