Affordable housing is a vital component of a thriving community. Research shows that stable, affordable housing is crucial to a community's health, environment and overall well-being. Learn more about affordable housing in Boulder.
The City of Boulder has a goal for 15% of all homes to be affordable for low-, moderate-, and middle-income households by 2035. By the end of 2025, there were 4,326 permanently affordable homes, serving over 9,000 community members in Boulder and 8.9% of all housing units in Boulder are permanently affordable – more than halfway to our 15% goal.
Staff recently presented an update to City Council on the current state of affordable housing in Boulder. Read the memo or watch the recording of the conversation.
The city implements multiple programs and policies to increase access to affordable housing to ensure that families and individuals have safe and affordable places to live in Boulder.
Affordable Homeownership Programs
The City of Boulder is committed to making homes in our community available to a variety of people through a variety of programs. Learn more about the city’s program and other local homeownership assistance programs on the city’s website.
- Permanently Affordable Homes Program - Through this program, homes are sold at below market-rate prices to income eligible buyers who intend to owner occupy the home. Homes are permanently affordable and governed by an Affordability Covenant that limits the resale price and places other restrictions on the home.
- Solution Grant: Down Payment Assistance Grant Program - This grant assists with down payment and closing costs for buyers with lower assets. The grant bridges the gap between money the buyer has available for down payment and closing costs and the minimum required to close. These grants are for buyers purchasing select Permanently Affordable homes, or Thistle Communities Land Trust homes in Boulder city limits.
- H2O: House to Homeownership: Down Payment Assistance Loan Program - Provides a second loan for up to $100,000 on market rate homes purchased in the City of Boulder intended to help buyers with limited assets close on the purchase of a home.
- Middle Income Down Payment Pilot - Provides down payment assistance to middle-income home buyers to purchase a market rate home. In exchange, the homeowner agrees to make that home permanently affordable through a deed restriction.
Supporting Manufactured Housing
Boulder’s manufactured housing communities provide a lifestyle valued by their residents at a relatively affordable cost. Boulder is home to around 1,300 mobile (built prior to 1976) and manufactured homes (built in 1976 or later) located in five mobile home parks. The city has committed to preserving this housing option and has taken many supportive actions. Find manufactured home community resources on the city’s website.
In 2017, the City of Boulder purchased the Ponderosa manufactured home community, located adjacent to West Fourmile Canyon Creek, with plans to minimize displacement, preserve long-term affordability, replace outdated infrastructure, reduce flood risk to the community and introduce new energy-efficient affordable housing options. The park was platted for medium density development in 2020, and outdated infrastructure was replaced including additional stormwater drainage to reduce flood risk to the community. The city has partnered with Flatirons Habitat for Humanity to build affordable fixed-foundation homes that are available to long-time park residents through both subsidized pricing and a low-interest mortgage program. Residents who do not desire a new home are able to continue to live in the mobile home park through the transition. Learn more about this project on the city’s website.
BoulderMOD
BoulderMOD is a modular home factory producing permanently affordable homeownership opportunities for community members through a unique partnership between the city, BVSD and Flatirons Habitat for Humanity.
Inside the 31,250-square-foot facility, homes are assembled at nine workstations where volunteers, Habitat staff and BVSD students work side-by-side to build high-quality, energy-efficient homes. This model reduces waste, shortens construction time and lowers cost all while providing students valuable hands-on training in construction and green building practices which grows our local construction trades workforce.
in 2025, the first BoulderMOD duplexes moved from the factory floor to their permanent foundations at the Ponderosa community in North Boulder. This marks a major milestone for both BoulderMOD and the city’s ongoing commitment to ensuring that families and individuals have safe and affordable places to live in Boulder. Learn more about this project on the city’s website.
Investing in Affordable Housing
Each year, the city distributes funds to support affordable housing in Boulder, including local and federal funding for affordable housing and community development. The city directs this funding to a wide array of affordable housing activities, including new construction, acquisition, rehabilitation, preservation, land banking, permanently supportive housing vouchers, down payment/closing cost assistance and financial education programs. All funding is directed towards activities that benefit low-, moderate- and middle-income households in Boulder. Learn more on the city’s website.
In 2025, the city executed the largest one-year Affordable Housing Fund Round, awarding $21,380,000 to affordable housing development organizations. Funds will be used to:
- Convert a vacant assisted-living tower at Golden West into 31 independent-living homes for low-income older adults
- Develop a 113-unit 100% permanently affordable and energy-efficient community at Penrose Place
- Develop a 44-unit all-electric townhouse-style development on 34th Street serving individuals and families earning 30-60% AMI
- Preserve 70 affordable homes at the Fairways Apartment Complex through critical renovations that improve long-term livability and sustainability without displacing residents
Housing Equity Symposium
In 2021, the city partnered with the Boulder Chamber and the Urban Land Institute to host a Housing Equity Symposium. This event raised awareness and understanding of Boulder’s history related to race and class, how it impacts the city’s current housing challenges and began a community dialogue to identify specific actions to address long-standing inequities. Learn more and watch the recording of the symposium on the city’s website.