HOUSING AFFORDABILITY

April 25, 2022

Presentation to City Council

The Community Housing Affordability Taskforce (CHAT) and the Affordable Housing Collaborative gave a housing affordability presentation to Council at the April 25 City Council work session. During the council presentation, representatives from HBA and several other community organizations shared thoughts and ideas on how agency, industry, and the community can work together to build more housing stock with the help of our elected officials and leaders. Several Emerging Leaders were in attendance to show support, along with other respected industry and agency partners. This was an important step in the right direction. The HBA and our partners are committed to moving the needle forward and will continue to work with the City and County to implement fair and equitable solutions.

missing middle report

hOUSING fOR aLL: sOLUTIONS tHAT mAKE sENSE

Housing forums (2017 – 2021)

july 28, 2021 Housing for ALL  (workshop)

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

june 28, 2021 Housing for ALL Forum

watch the presentation here:

Facebook live recording
Youtube recording

April 30, 2021 Housing for ALL Forum

watch the presentation here:

Facebook live recording
Youtube recording

Part III: HBA Workforce Housing Forum – June 29, 2018

Part III: HBA Workforce Housing Finance Panel

On Friday, June 29, HBA hosted its third forum in the affordable housing series, which focused on state and local housing finance. State and local housing finance agencies play a critical role in the availability of affordable and workforce housing. These agencies finance low- and moderate-income housing. With an understanding of the needs of local housing markets, housing finance agencies are uniquely positioned to responsibly underwrite mortgages—often with down payment assistance—for low-income, first-time homebuyers and to finance the development of multifamily affordable rental housing.

Panel Members | Link to Bios

  • Irv Halter, Executive Director of the Colorado Department of Local Affairs (DOLA)
  • Allison George, Director of the DOLA Division of Housing;
  • Cris White, Executive Director and CEO of the Colorado Housing and Finance Authority (CHFA)
  • DeAnne McCann, Executive Director for the El Paso County Housing Authority
  • Mike Burks, Deputy Director for City of Colorado Springs Housing Authority
  • Steve Posey, HUD Program Administrator for the City of Colorado Springs

View the slide deck for the event and video recording from the event

To provide easy access to important housing resources, DOLA has created this edition of the Affordable Housing Guide for Local Officials; a one-stop compilation of funding, programs, housing options, service providers, and terminology available to local communities in Colorado.

Part II: HBA Housing Forum – Feb. 23, 2018

The Housing & Building Association of Colorado Springs hosted a community housing forum on Friday, February 23, 2018 at Centennial Hall.

The HBA’s second housing event was well attended by elected officials, community leaders, government staff and HBA members. After opening remarks from Mayor Suthers, economist Elliot Eisenberg, Ph.D. gave a powerful and exciting presentation that began by reviewing the health of the national economy and the national market so as to better put into context local economic conditions. Dr. Eisenberg first discusses GDP, inflation, employment, wages, interest rates and then moved on to housing prices, mortgage rates, new home construction, housing affordability, inventories, declining home ownership rates, demographics, and much more.

About the Guest Speaker

Elliot Eisenberg, Ph.D., a former Senior Economist with the National Association of Home Builders in Washington, D.C., is the creator of the multifamily stock index (the first nationally recognized index to track the total return of public firms principally involved in the ownership and management of apartments), the author of more than eighty-five articles, serves on the Expert Advisory Board of Mortgage Market Guide and is a regular consultant to several large real estate professional associations, hedge funds and investment advisory groups.

View the presentation (PDF) and the video recording from the event.

Part I: HBA Housing Market Panel Discussion – Nov. 17, 2017

The Housing & Building Association of Colorado Springs hosted a housing market panel discussion on Friday, November 17, 2017 at Centennial Hall.

The purpose of this panel discussion was to engage and inform local elected officials and housing advocates on the complex and timely topic of affordable housing in the Pikes Peak Region. The panelists provided economic data that illustrates the current overall housing market – for sale and rental, single family and multifamily, existing and new housing – as well as perspectives on housing at various prices in the market.

With this and future events, the HBA hopes to further the discussion regarding the complex issues affecting housing affordability in our local market. Providing safe and affordable housing is at the core of the HBA’s mission, and we are honored to be part of this important community conversation.

“Colorado Springs is growing fast, so we want to lead a constructive conversation about what a healthy housing market should look like,” said panelist Kevin Walker, president of Walker Schooler District Managers, a consultancy for special district management, land development, entitlement and construction management. “We’re fortunate to have an esteemed group of experts join us in illuminating these issues.”

Panel Members | LINK TO BIOS

  • Tom Binnings, Economist, Summit Economics
  • Tatiana Bailey, Ph.D., Economist, UCCS Economic Forum 
  • Laura Nelson, Rental Market Representative, Executive Director for the Apartment Association of Southern Colorado
  • Todd Anderson, Builder/Developer, Building Colorado
  • Aimee Cox, Local Housing Expert, Past COS Community Development Manager
  • Andrea Barlow, Moderator, N.E.S. Land Planning
  • Kevin Walker, Introductions, Walker Schooler District Managers

ADDITIONAL RESOURCES