City Council Agenda and Packet 2019 04 09 SP

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SUBJECT: REGIONAL AFFORDABLE HOUSING DATE: SEPTEMBER 19, 2017 PAGE 2 OF 7 the County, and residents in every community face unique housing challenges. Affordable housing patterns affect, and are affected by, transportation and mobility, transit systems, workforce availability, schools and education, and more. The Partnership was formed as municipalities within Boulder County were experiencing significant housing challenges. In 2015, roughly 59% of Boulder County renters were considered "housing cost -burdened," spending more than 30% of their income on housing. Nearly 30% of Boulder County renters were "severely housing cost -burdened," spending more than 50% of their income on housing. Homelessness is a growing problem for families, who cannot afford housing in our community. Boulder Valley and Saint Vrain Valley School Districts had 844 homeless students in 20162, a number that has risen steadily over the past several years and likely doesn't capture families who are temporarily living with family or friends or "doubling -up" (sharing housing of another person or family to reduce housing costs). Over the past 12 years more than 9,000 market rate homes that were previously affordable have been lost to inflation. And finally, County residents have reported the lack of affordable housing as one of their highest concerns. Due to the regional nature of the problem, the report emphasizes the importance of local governments working both individually and collaboratively, and in partnership with the private sector, housing authorities, local governments and non -profits to address affordable housing needs. Partnership members included housing, human services, and economic development experts from the following agencies: Boulder County Housing Authority Boulder Housing Partners Longmont Housing Authority Boulder County Community Services and Housing and Human Services Department Boulder Chamber of Commerce Longmont Community Services City of Boulder Division of Housing and Community Investment Program The Partnership has been working through the Consortium of Cities to share the report and gain Council and Board buy -in on the goals and strategies outlined in the plan. Currently, Boulder County Cities and Towns have nearly 6,000 affordable housing units, with approximately 603 units identified in Southeastern Boulder County (346 units in Louisville, 257 in Lafayette and none in Superior). The Partnership identifies the goal of 15,000 to 22,000 low to middle income affordable housing units by 2035 to address the affordable housing challenges. With the current affordable housing stock, an additional 9,000-16,000 homes (with 3,100 in Southeast Boulder County), and the retention of the HUD Comprehensive Housing Affordability Strategy data. 2 Boulder Valley and Saint Vrain Valley 2016 McKinney-Vento data. CITY COUNCIL COMMUNICATION 239 7