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. These goals are part of the Boulder Valley Comprehensive Plan, which outlines the community vision for Boulder's future. As of January 2024, there are over 3,973 affordable homes in Boulder, more than halfway to the 15% goal.
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. 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. Learn more about this project on the city’s website.
Learn more about your rights through 9to5’s Know Your Rights information sessions.
Boulder Mod
The affordable housing modular factory, Boulder Mod, will be a 31,375 square foot metal building which houses assembly stations to construct modular homes. The purpose of the facility is to produce much needed affordable housing for Boulder Valley residents and workers while providing workforce training for BVSD students.
While the factory has the capacity to build up to 50 homes each year to help achieve city and regional housing goals, in the first years, the Affordable Housing Modular Factory is expected to produce 12 to 15 homes per year. 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- and moderate-income households in Boulder. Learn more on the city’s website.
Recently completed and active affordable housing investment projects include:
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.