Analysis of Performance
- This is a quarterly metric updated one quarter in arrears.
- This analysis statement reflects Q3 data.
- Fort Collins sales reflect slightly greater buying power, and the median sales supported by the median income climbed up 5%
- Generally, sales price escalation continues but seems to be slowing and is currently at or slightly above the national average
- Still, the City's position relative to the Western region of the country is holding steady between 49-50%, which is lower than the City's target
- Convening Homeownership Work Group as part of the update to the Affordable Housing Strategic Plan
- Land Use Code Audit underway to implement City Plan and look for ways to simplify process
- Undertaking study to look at feasibility of Inclusionary Housing Ordinance and/or new Affordable Housing Impact Fee
- Kechter Land Bank parcel determining feasibility of new affordable home ownership community
- Formalized partnership with Elevations Community Land Trust in a Memorandum of Understanding
- Continue to offer Home Buyer Assistance and to partner with Habitat for Humanity
Why Is This Important?
City Organization Impact on Performance
Low – The City does not directly affect the private housing market or residents' income levels. Through grants provided by the Competitive Process, the City often incentivizes a limited number of new housing units for lower-income residents, which would be included in the number of housing units reported through the HOI data. This metric reports market activity more than City activity.