HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/07/2019 - STAFF REPORT: AFFORDABLE HOUSING INVENTORYMay 7, 2019
Community Dashboard: Affordable Housing Inventory
Sue Beck-Ferkiss
STAFF REPORT: Affordable Housing Inventory
Strategic Alignment
2
City Plan
&
SSD Strategic Plan
City Strategic Plan
Neighborhood Livability &
Social Health 1.1
Affordable Housing
Strategic Plan
STAFF REPORT: Affordable Housing Inventory
Dashboard Metric: Affordable Housing Inventory
3
STAFF REPORT: Affordable Housing Inventory
Neighborhood Livability and Social Health
Year Target AHSP Goal Actual
2015 63 188 61
2016 6 188 4
2017 160 188 96
2018 213 188 207
2019 185 188 2 so far
4
Performance Metric - Affordable Housing inventory
STAFF REPORT: Affordable Housing Inventory
Example of City’s Investments
• Land Bank
• 20% of Value
• Fee Waivers for 30% AMI
units
• $350,000
• Competitive Process
Funding
• $1.125 M
5
Village on Horsetooth
96 units
$26.5M total cost
STAFF REPORT: Affordable Housing Inventory
Current Inventory and Need
6
STAFF REPORT: Affordable Housing Inventory
Affordable Housing Goals
Goal 5,155
Inventory 3,443
Projection 4,330
7
Expected Gap 825
Current Plan Goal of 188 per year
Next Plan Estimated Goal of 228 per year
STAFF REPORT: Affordable Housing Inventory
Long View
8
STAFF REPORT: Affordable Housing Inventory
Moving Forward
• Gear up for 2020-2024
Affordable Housing
Strategic Plan
• Internal Housing Task
Force – Phase 2
implementation
9
STAFF REPORT: Affordable Housing Inventory