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Affordable Housing @ Boulder Junction
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Kurt Firnhaber, Director, Housing & Human Services
Affordable Housing Since 2010 in Boulder…
Median home prices increased 60%
Median market rent has increased 31%
Wages have risen 9.6%
43% of household earn less than $50,000 per year
21,580 households are severely cost burdened (County)
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Affordable Housing
15% Goal
15% of all residential properties deed-restricted permanently affordable to serve low- to middle-income households
PROGRESS 7.5% (3,594 homes)
Local Tools
Inclusionary Housing (25%)
Annexation (40-60%)
Commercial Linkage Fee
Property Tax 3
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Affordable Housing
Distribution in Boulder
History 2004 – 30th and Pearl site purchased
2007 – Transit Village Area Plan established vision for site (goal to exceed 20% PA)
2016 – Council provides site specific direction for desired outcomes
2017 – RFP issued; private development partner chosen.
2018 – Transition to joint master developers – partnership with City and Housing Authority (BHP)
2019 – Breaking ground in fall of 2019
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Boulder Junction
2018
Plus S’PARK & REVE
Plus 30Pearl
Unit Type
Affordable Rental 71 154 274
Affordable Ownership 27 27 42
Market Rental 319 613 613
Market Ownership 73 120 274
Unit Total 490 914 1203
% Perm Affordable 20% 20% 24%
Affordable Housing
Outcomes at Boulder Junction
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SPARK West
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Ciclo
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The Reve
IGA Partnership Jeremy Durham
Executive Director BHP
Collaboration City and BHP - Joint Master Developer
Boulder Housing Partners Develop entitlements for entire site
Infrastructure for entire site
Construct & own permanently affordable housing
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Credit: Pictometry/Bing
30th
Str
ee
t
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The Pollard Site
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Quadrant 2 +/- 80 rental apartment
Quadrant 4
NORTH +/- 25 for-sale condos Possible co-housing Middle income
SOUTH +/- 20 rental apartments +/- 20 Young adults w/
developmental disabilities w/ community space
145 Affordable Homes
Q2
Q4 North
Q4 South
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Quadrant 1 +/- 75 units rental or for sale
Quadrant 3 +/- 55 units rental or for sale
Q3
Q1
130 Market Rate Residential
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Quadrant 1 Ground floor
Activate the pedestrian experience
Neighborhood supporting
Affordable space based on land value
Commercial
Q1
Electric-only energy supports transition from fossil fuels to clean
energy
Solar Ready
Sub-Metering in all units Reduce plug loads
End-use metering
Electric car charging
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Energy, Resilience &
Sustainability
30Pearl
30Pearl
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