As housing costs continue to soar, Boulder is working to bolster its affordable housing stock, which has seen considerable growth despite the coronavirus pandemic.
“I think we were surprised that we’ve been producing so much affordable housing,” Housing Senior Manager Jay Sugnet said. “Affordable housing takes time.”In terms of housing in Boulder County, Victor King’s experience runs the gamut.
Through the program, homes are sold at below market-rate prices to income-eligible buyers who intend to occupy the home themselves. From left, Adam Perry, Mikayla Sanford and Sidney Perry-Joyce are living in a rented home again after homeowners association fees on the home the family had purchased through Boulder’s Permanently Affordable Housing Program became too expensive. Adam Perry sold the home.
The complaint about the cost of required membership in homeowners associations is one the city hears a lot, Sugnet acknowledged. But at some point, there’s also a recognition that parts of homeownership are inherently risky, Sugnet said. The current City Council has included a number of housing-related priorities in its two-year work plan, including the consideration of an ordinance to again revise the existing inclusionary housing code to focus specifically on increasing middle-income units.
The decision to provide developers some flexibility was at least in part out of a recognition “that we were not quite sure what legal standing we had when implementing this program,” Sugnet noted. Additionally, it allows Boulder to provide more permanent supportive housing, which combines affordable housing with case management and supportive services for those exiting homelessness.
“These are opportunities that honestly we might not be able to afford if it were not for Boulder Housing,” he said.
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