LOVELAND’S HOUSING CRISIS ENDS HERE!
Together We Can Solve Our Housing Shortage
In survey after survey, Loveland residents report that home affordability is our community's biggest challenge - and the data proves it. In a strategic effort to understand our housing crisis, eliminate roadblocks to affordability, and create lasting change, the Affordable Housing Task Force was convened in early 2021.
At monthly meetings, the task force brings together representatives from the private, public, quasi-government, and non-profit sectors.
In 2022, the task force commissioned a study from Economic and Planning Systems, Inc. and learned the following:
Most of Northern Colorado’s household growth and housing market is being driven by affluent households. Over the past decade, 64 percent of growth in Larimer and Weld counties has been households earning more than 120 percent Area Medium Income (AMI) – approximately $80,000 for a two-person renter household and approximately $90,000 for a three-person owner household.
With the escalation of home prices and rents is the broader appreciation of the entire housing inventory. Over the decade, more than 5,800 rental units became unaffordable to households in the 30 to 60 percent AMI range (the “affordable housing” category) and approximately 7,700 owner units became unaffordable to households in the 50 to 80 percent AMI range (part of the “workforce housing” category).
In Loveland, where in 2018 there were nearly 36,000 jobs, just 8,100 employed residents lived and worked locally (23 percent). This means that 77 percent of Loveland’s jobs were held by workers living somewhere else.
Click here to see more of our EPS study analysis, which we presented to Loveland City Council in August 2022.
Task Force Accomplishments to date:
Unified Development Code Updates to allow for a diversified housing stock moving forward in Loveland.
Private/Non-profit/Quasi-governmental partnership to generate more of the right kind of housing.
Equitable Fee Study to ensure there is not a disincentive to building smaller units in Loveland.
Study to evaluate and quantify the problem in Loveland.
Who is on the Task Force?
Sam Betters - Former Executive Director of the Loveland Housing Authority
David Gregg - Founder, Mission Homes Colorado
Eric Hull - Director of Real Estate Development, Loveland Housing Authority
Jeff Feneis - Executive Director, Loveland Housing Authority
Eli Scott - Erion Foundation
Trish Warner - Affordable Housing Commission
Tami Lien - Affordable Housing Commission
Alison Hade - City of Loveland, Community Partnership Office
Jim Lees - City of Loveland, Water and Power
Crystal Moore - Executive Director, Loveland Habitat for Humanity
Don Marostica - Retired real estate developer, Larimer County commissioner, and state legislator
Adrienne Tracy - ANB Bank
Jammie Sabin - Aspen Homes
Kim Perry - Vice President, Community Design and Neighborhood Development, McWhinney
Michelle Ackerman - Director of Homeowner Service, Loveland Habitat for Humanity
Megan Ferguson - Impact Development Fund/Impact Development Builders
Robert Dehn - Dehn Real Estate
Marcie Willard - Director, Economic Development, City of Loveland
Nicole Hahn - City of Loveland, Public Works
Kerri Burchett - Principal Planner, Community and Strategic Planning, City of Loveland
Rod Wensing - City of Loveland, City Manager’s Office
Alea Rodriguez - Housing Stability Manager, Larimer County
