Affordable Housing in Boulder – In Action
by Osman Parvez
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Last week a reader of the blog, Eric Chwang, contacted me. He’d just attended the “City of Boulder Homeownership Program Orientation.” During the session the organizers shared some interesting market data.
Specifically, they gave us the annual appreciation rates for attached dwellings in Boulder for the last 20 years, as well as the indices used to fix the appreciation rates (capped at 3.5% annually, simple interest) for their affordable housing units.
Eric took some time to convert the data to an Excel file and asked if I’d share it with readers of this blog.
The chart below shows how the program has functioned to help make property affordable. It’s on a percent change basis. The pink line is the consumer price index for Boulder. The yellow line is area median income. The red line is property in the program. The green line is market property.
Here’s the accompanying data table:
I’d like to thank Eric for taking the time to share this information with readers of the blog. I’m sure it will be helpful for many to consider.
p.s. If you have insight, data, charts, development images, or other (housing related) information to share with readers of the blog don’t hesitate to contact me (ph: 303.746.6896 or osman@realtyunique.com
Credit: Eric Chwang
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Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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