Colorado City Could Mandate More Affordable Housing

Longmont City Council preliminarily approved an ordinance that would mandate 12% of the livable square footage in a new residential development be dedicated to units affordable to low- and moderate-income home buyers and renters. Home buyers making 80 percent of the area median income and renters making 60 percent of the area median income can afford these units. The ordinance still needs final council approval. In many “big cities” in the United States, housing costs force some low-income and Latino families to make difficult financial decisions, new initiatives like these must be promoted in many cities. Longmont, Colo., has a population of 90,719 people with a median age of 36.9 and a median household income of $62,847. Longmont has 26% Latino population. The ...
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