Colorado Springs Affordable Housing Needs Assessment
Given steadily increasing demand for affordable housing and shrinking local budgets, the City of Colorado Springs and El Paso County needed to maximize the impact of their community development dollars. This required broad knowledge about the current local housing market and how it might change in the future. M&L completed an assessment of local demographic, housing, and economic conditions, a description of unmet housing needs, and an action plan based on major findings. Among other things, our research revealed that elderly and Millenial households will drive future housing demand, and that affordable housing is already in short supply and will only get scarcer. The city and county will use this information to target their housing activities in certain neighborhoods to achieve the largest impact.
- Client City of Colorado Springs
- Date October, 2014
- Tags housing study