Affordable Housing Inventory

Desired Result:  Above Target

 
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Analysis of Performance

  • No additional housing units were added to the community’s inventory of affordable housing this quarter.
  • Supply chain issues are slowing down but not stopping production.
  • The bulk of this year’s new inventory has been delivered this first quarter.
  • Waiting for HUD’s approval of sale of public housing units to convert to restricted home ownership homes.


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.