Advisory Center for Affordable Settlements & Housing

Document Download Download
Document Type
Publish Date
Author
Published By
Edited By
Uncategorized

USA: Affordable Housing Strategic Plan 2015-2019

Fort Collins envisions a housing system that provides housing options for all residents regardless of income, age or life stage. In keeping with this vision, the City of Fort Collins has produced a strategic plan related to affordable housing every five years since 1999. This 2015-2019 Affordable Housing Strategic Plan (Plan) is the third update to the original plan produced in 1999. The Plan specifically targets affordable housing, which is for residents earning 80% Area Median Income (AMI) or less. The goal of this plan is to have 6% of Fort Collins’ housing stock comprised of affordable housing built utilizing affordable housing programs by 2020. The City’s long-term goal is for this ratio of supported, affordable housing to overall housing units increase to 10% by 2040. The study that forms the foundation of this plan, the Housing Affordability Policy Study (HAPS), looked at Fort Collins’ entire housing inventory and system. HAPS found the City has gaps in affordable housing inventory at all income levels, but the biggest need was for the lowest wage earners. HAPS also showed that many middle-income households are spending more on housing and earning less. With increasing housing costs and stagnant wage growth, households all along the affordable area median income (AMI) spectrum need help with affording housing.

Leave a Reply

Your email address will not be published. Required fields are marked *