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Boulder staff present resident survey and review city's homeownership programs; H2O program sees wider use than middle-income pilot
Summary
City staff reviewed the Affordable Homeownership Program, the House-to-Homeownership (H2O) shared-appreciation loan, and a middle-income down-payment pilot that has seen little take-up. A resident survey shows high overall satisfaction but flagged HOA cost pressures and an aging participant profile.
Holly (city housing staff) presented results of an Affordable Homeownership resident survey and described three city programs intended to support homeownership in Boulder: a middle-income down-payment assistance pilot, the House-to-Homeownership (H2O) shared-appreciation loan, and the city's permanently deed-restricted affordable homeownership stock.
Holly explained the city's affordability framework, including the 30%-of-income metric and the HUD area median income (AMI) baseline for Boulder (she said 100% AMI for a three-person household in 2025 was about $135,000). She displayed a chart showing that median sales prices for single-family and attached homes have risen far faster than AMI, and that a household at 100% AMI would still struggle to afford the median single-family home in Boulder.
Holly described the middle-income down-payment assistance pilot, launched in 2023. The pilot offers 0%…
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