Affordable Housing @ Boulder Junction

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Kurt Firnhaber, Director, Housing & Human Services

Affordable Housing Since 2010 in Boulder…

Median home prices increased 60%

Median market rent has increased 31%

Wages have risen 9.6%

43% of household earn less than $50,000 per year

21,580 households are severely cost burdened (County)

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Affordable Housing

15% Goal

15% of all residential properties deed-restricted permanently affordable to serve low- to middle-income households

PROGRESS 7.5% (3,594 homes)

Local Tools

Inclusionary Housing (25%)

Annexation (40-60%)

Commercial Linkage Fee

Property Tax 3

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Affordable Housing

Distribution in Boulder

History 2004 – 30th and Pearl site purchased

2007 – Transit Village Area Plan established vision for site (goal to exceed 20% PA)

2016 – Council provides site specific direction for desired outcomes

2017 – RFP issued; private development partner chosen.

2018 – Transition to joint master developers – partnership with City and Housing Authority (BHP)

2019 – Breaking ground in fall of 2019

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Boulder Junction

2018

Plus S’PARK & REVE

Plus 30Pearl

Unit Type

Affordable Rental 71 154 274

Affordable Ownership 27 27 42

Market Rental 319 613 613

Market Ownership 73 120 274

Unit Total 490 914 1203

% Perm Affordable 20% 20% 24%

Affordable Housing

Outcomes at Boulder Junction

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SPARK West

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Ciclo

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The Reve

IGA Partnership Jeremy Durham

Executive Director BHP

Collaboration City and BHP - Joint Master Developer

Boulder Housing Partners Develop entitlements for entire site

Infrastructure for entire site

Construct & own permanently affordable housing

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Credit: Pictometry/Bing

30th

Str

ee

t

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The Pollard Site

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Quadrant 2 +/- 80 rental apartment

Quadrant 4

NORTH +/- 25 for-sale condos Possible co-housing Middle income

SOUTH +/- 20 rental apartments +/- 20 Young adults w/

developmental disabilities w/ community space

145 Affordable Homes

Q2

Q4 North

Q4 South

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Quadrant 1 +/- 75 units rental or for sale

Quadrant 3 +/- 55 units rental or for sale

Q3

Q1

130 Market Rate Residential

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Quadrant 1 Ground floor

Activate the pedestrian experience

Neighborhood supporting

Affordable space based on land value

Commercial

Q1

Electric-only energy supports transition from fossil fuels to clean

energy

Solar Ready

Sub-Metering in all units Reduce plug loads

End-use metering

Electric car charging

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Energy, Resilience &

Sustainability

30Pearl

30Pearl

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