HomeMy WebLinkAbout1252 - ADOPTING AN AFFORDABLE HOUSING GOAL FOR THE CITY OF BOULDER TO SECURE 15 PERCENT OF ALL RESIDENTIAL DWELLINGS IN BOULDER AS PERMANENTLY AFFORDABLE LOW-, MODERATE-, AND MIDDLE-INCOME HOUSEHOLDS BY 2035; AND SETTING FORTH RELATED DETAILS.RESOLUTION 1252
ADOPTING AN AFFORDABLE HOUSING GOAL FOR THE CITY OF
BOULDER TO SECURE 15 PERCENT OF ALL RESIDENTIAL
DWELLINGS IN BOULDER AS PERMANENTLY AFFORDABLE TO
LOW-, MODERATE-, AND MIDDLE-INCOME HOUSEHOLDS BY
2035 WITH AN EVENTUAL GOAL OF 20 PERCENT OF ALL
RESIDENTIAL DEVELOPMENT; AND SETTING FORTH RELATED
DETAILS.
THE CITY COUNCIL OF THE CITY OF BOULDER, COLORADO, FINDS AND
RECITES THAT:
A. The social, economic and environmental well-being of the community is enhanced
when individuals and families are retained, workforce housing is available, and residents with
changing or special housing needs are served.
B. The city recognizes equitable access to housing and employment opportunities are
important elements to economic mobility.
C. Affordable housing is critical to protect the public health, safety, and general
welfare of the community.
D. Home prices continue to increase, exacerbating the need for additional affordable
homes in the low-, moderate-, and middle-income ranges.
E. The Boulder Valley Comprehensive Plan provided that "the city will study and
consider substantially increasing the proportion of housing units permanently affordable to low-,
moderate-, and middle-income households beyond our current goal . . ." (BVCP Policy 7.02).
F. The Boulder City Council recognizes the goal set in 2000 of securing 10 percent of
dwelling units as low- and moderate-income permanently affordable housing is no longer adequate
to preserve and promote social, cultural, racial, and ethnic equity in the community.
G. Increasing the goal to 20 percent of all housing secured as permanently affordable
in low-, moderate- and middle-income ranges is consistent with the policies in the Boulder Valley
Comprehensive Plan and will support inclusivity, diversity, and economic prosperity in the
community.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
oF BOULDER, COLORADO:
Section 1. In orderto benefitthe residents of the city, the City Council adopts agoal
that 15 percent of all dwellings will be permanently affordable to low-, moderate-, or middle-
income households by 2035 with an eventual goal of 20 percent of all residential development.
Section 2. The City Council directs the city manager to propose and adopt this goal of
20 percent in the Boulder Valley Comprehensive Plan during the next appropriate update to the
Plan.
Section 3. This Resolution shall be in full force and effect upon its passage and
approval.
INTRODUCED, READ, AMENDED, PASSED AND ADOPTED this {day of April
2019.
f\*7o. P.rT",^_.
)oa.*S
Suzanne Jones,
Mayor
ATTEST
L
City Clerk
Beck,