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Boulder advisory board reviews housing gaps, highlights local funding and programs
Summary
City staff told the Housing Advisory Board that Boulder faces a long-term shortfall of homes for-sale and rental units and highlighted local funding, inclusionary-housing outcomes and programs such as down-payment assistance, scattered-site acquisitions and Boulder Mod factory homes.
Karen Hoskin, chair of the Housing Advisory Board, hosted a presentation from city staff reviewing the state of affordable housing in Boulder and options for next steps.
City presenters told the board that area median income (AMI) has remained relatively flat while home prices have climbed sharply, producing a widening affordability gap. Staff cited a needs assessment projecting a 10‑year shortfall of roughly 3,500 for‑sale homes in the city and about 700 fewer units for the 80–120% AMI (middle‑income) band. On rentals, staff said Boulder faces an estimated 10‑year shortage of roughly 6,000 rental homes, nearly 4,600 of which would be needed for households at or below 50% AMI.
The presenters emphasized local financing as a primary tool. They said local revenues (impact fees, cash‑in‑lieu from inclusionary housing, property taxes and short‑term‑rental taxes), excluding…
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