HomeMy WebLinkAboutMASON PLACE - MAJOR AMENDMENT - MJA180003 - SUBMITTAL DOCUMENTS - ROUND 2 - (5)City Plan | Trends & Forces Report
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Meeting the City’s affordable
housing goals will continue to
be a challenge.
The City’s goal is for 6% of the
housing stock to be affordable
(deed restricted/income restricted
housing units) to households
earning less than 80% of the area
median income by 2020. Currently,
4.8 percent of housing units are
deed or income restricted. The City
needs to add just short of 200 units
per year for the next four years to
achieve its 2020 goal. The City’s
long term goal is to have affordable
units account for 10% of the
housing stock by 2040, an increase
of around 5,500 units from today.
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$102,100
$302,000
$199,900
$350,000
Housing Aordability Gap
Fort Collins, 2015
Aordable Price Gap
Median Sales Price
Affordable Housing, Land Bank, and Manufactured Homes36
Fort Collins, 2017
Housing Affordability Gap37
Fort Collins, 2015
AFFORDABLE UNITS, 201738
AFFORDABLE UNITS, 201738
Note: Manufactured or mobile homes are not designated as affordable units, but may
represent a below-market rate housing option.