Affordable Housing Inventory

Desired Result:  Above Target

 
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Analysis of Performance

  • This is a quarterly metric.
  • The community’s inventory of affordable rental housing increased by 120 homes this quarter.
  • The community’s second permanent supportive housing project opens 60 apartment homes with service supports this quarter.
  • The timing was perfect to get people who were formerly homeless into housing during the pandemic.
  • 14 people experiencing homelessness were exited from the non-congregate shelter program into permanent housing at Mason Place.
  • The final 60 apartment homes were constructed completing a 180-unit rental development in the southern part of the City.
  • The bulk of this year’s new inventory has been delivered this first quarter.

Photos of Mason Place, the City's second permanent supportive housing project, which provides 60 apartment homes for people formerly experiencing homelessness. Photo credit: Matthew Stave Photography.

Mason Place Lobby

Mason Place Apt



  • The expected apartments for rent have been delivered as expected. 
  • The targets for the rest of the year are based on for-sale housing development which may be slowed down somewhat by the COVID-19 pandemic.

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.