Affordable Housing Inventory

Desired Result:  Above Target

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Analysis of Performance

Targets for Q3 and Q4 of 2017 have been revised based on current units in construction that may feasibly come on line in 2017. The green line was added to display the quarterly average number of units needed to achieve the goals of the Affordable Housing Strategic Plan.

  • This is a quarterly metric.
  • The City’s partners added 373 homes to the affordable inventory over the past 5 years and have 248 under construction now. However, the goal of adding 940 units was not achieved.
  • No additional housing units were added this quarter.
  • The bulk of affordable homes currently under construction will be added in Q4.

  • While no new inventory was added in Q3, an additional 240 affordable units are anticipated in Q4 2020.
  • Goals and strategies will be evaluated in the Strategic Housing Plan update.
  • Finalizing partnership to develop Kechter Land Bank parcel with 55-57 permanently affordable for-sale townhomes. 
  • Assigned 2020 Allocation of Private Activity Bond to development partners to construct and rehabilitate affordable housing. 
  • Manufactured Housing Zoning created and re-zoning process initiated for 6 communities in the City.

Metric Definition
Affordable housing units house the City's lowest wage earners and are important to the sustainability of our community. Through policy and funding, the City would like to at least maintain and preferably increase the number of units available to consumers requiring this type of housing. Low income housing in Fort Collins is for people who earn 80% or less Area Median Income.
Why Is This Important?
We project population growth at all income levels as we look to the foreseeable future. In order to allow consumers of affordable housing to live and work in the City, additional affordable housing units must be added to our current inventory to keep pace with this anticipated growth.
City Organization Impact on Performance

Low – The City does not build affordable housing units. Through policy and grants provided by the Competitive Process, the City often invests in new housing units or preservation of units for lower-income residents. The City responds to development proposals. These metric reports on completed units that will immediately affect existing inventory numbers.

Benchmark Information
As of the end of 2014, Fort Collins has 3075 total units which include units categorized as affordable rental units, ownership units, transitory units and assisted living properties. This will be the benchmark to measure growth from.