City of Boulder Partners with City of Lafayette to Expand Affordable Homeownership Program to Regional Model

The Boulder Regional Affordable Homeownership Program, a City of Boulder homeownership program, has expanded to a regional model. Thanks to a partnership with the City of Lafayette, two Lafayette homes are now listed and accepting applications from certified applicants.

“This collaboration strengthens our shared commitment to ensuring that residents across Boulder County have access to stable, attainable homeownership opportunities,” said Lafayette Mayor Tapia Vega. “By joining the regional program, we’re advancing Lafayette’s goal of promoting long‑term affordability that supports families, local workers, and the overall health of our community.”

Homes in the Boulder Regional Affordable Homeownership Program are sold at below market-rate prices to income eligible buyers who intend to occupy the homes. Homes are permanently affordable and governed by an Affordability Covenant that limits the resale price and places other restrictions on the home. While most homes in the program are in the city of Boulder, the program will continue to expand throughout Boulder County.

“Through the Boulder County Regional Housing Partnership, established in 2018, municipalities are collectively tackling the region’s affordable housing challenges.” said Jay Sugnet, housing senior manager with the City of Boulder. “The Regional Housing Partnership’s Boulder Regional Affordable Homeownership Program is a unique opportunity to create and preserve affordable homeownership opportunities for community members throughout Boulder County who otherwise would not be able to afford to purchase a market rate home.”

The marketing period for these Lafayette homes has been increased from 30 to 60 days to give interested buyers time to gather required documentation and apply to the program. The new homes are:

1. 775 Bedivere Cir - Lafayette - 4 Bed, 2 Bath - $402,200
2. 1585 Sagrimore Cir - Lafayette - 3 Bed, 1 Bath - $262,100

This program offers opportunities for homeownership to those with low, moderate and middle incomes. To qualify, households must:

• Be under certain income and asset maximums. Each home has its own income limit.
• Complete the city orientation and homebuyer education class.
• Have a minimum of $2,000 toward down payment/closing costs.
• Meet additional program requirements.

View all requirements on the city’s website.

All homes in the Boulder Regional Affordable Homeownership Program go through a Fair Selection Process to identify a buyer.

Households that enter the Fair Selection Process are sorted into tiers based on where their job is located, how long they have worked there, and how long they have been continuously certified for the program. If there is more than one household in a tier, then a random drawing occurs.

All newly listed homes require a 30-day period, increased to 60 days for the new Lafayette homes, during which time certified applicants can submit a Fair Selection Process entry form. If a home does not have a buyer after this period, any certified and eligible buyer can submit an offer for the home.

Before entering the Fair Selection Process for a home, interested applicants must become program certified. View all homes for sale and find more information about how to apply to the program on the city’s website.