CITY OF COLORADO SPRINGS
CURRENT INITIATIVES RELATED TO DEVELOPMENT OF AFFORDABLE HOUSING
• 100% affordable multi-family projects are eligible for Rapid Response designation
• Inventory of vacant land and potential uses to be included in upcoming neighborhood plans
• Applications for entitlements and financing are coordinated to reduce time from concept to ground-breaking
• City is a partner in the Pikes Peak Real Estate Foundation pre-development fund to assist local non-profits with project planning
• 100% of City private activity bond allocation approved for affordable multi-family development
• City/CSU developing a scoring matrix and funding mechanism to qualify affordable multifamily projects for fee offsets
• LIHTC awards increased by 65% since 2016
• ReTool COS technical advisory committee exploring provisions that will enable development of affordable housing
• City plans to issue an RFP for redevelopment of Dorchester Park that includes a housing component
