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Broomfield Colorado Task Force to Search for Affordable Housing Opportunities

According to a report from the Broomfield Enterprise, while the city has seen a housing boom in recent years, particularly with apartment rentals, what it’s lacking is affordable housing for low income, homeless, and at-risk residents of Broomfield Colorado.

44 members of the Broomfield community met in February to discuss the issue and begun forming the new Affordable Housing Task Force, with the hope of bringing together local governments, businesses, nonprofits, and the faith community.

The typical measurement of housing affordability is if the cost of renting the home is no more than thirty percent of the family’s monthly income, the report noted. However, the average two-bedroom apartment in Broomfield Colorado rents for $1,480. This means that the family who lives in that apartment home would have to make at least $4,900 a month in order to afford to live there.

Though there are a number of options in the city to help people with their rent and other housing costs such as utilities, including federal and local programs, there aren’t enough options for transitional housing for those who are just getting back on their feet, the article noted. In spite of the addition of new housing developments in the years since the 2012 report that the city got its housing figures was published, there have not been additions of affordable or transitional units.

Currently, the process of whittling the task group down from the 44 Broomfield residents who attended the meeting to a group of seven to ten, with the option of calling in additional people with specific expertise to help the group find or create the affordable housing opportunities. It is unclear how long it will be necessary for the task force to continue meeting.

If you’re interested in living in the city of Broomfield Colorado, we can help you to find an apartment or home that you can afford in a neighborhood you’ll love.  Contact us to get started today. 303.545.6000

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Considering a move to Broomfield Colorado?

For the past few years it has seemed like everyone is moving to Broomfield, Colorado. The city’s population nearly doubled between 2000 and today, and it currently numbers just under 50,000. The average age is 36.9 years and a little more than 25 percent of the local population is under age 19.

So if you’re thinking that means young families are moving to Broomfield, you’d be right.

What’s bringing them to Broomfield?

A location that’s an easy commute to both Denver and Boulder is certainly a selling point, but beyond the convenience there is basic economic sense.

Broomfield offers value for money—even in a strong local residential market in which 98 percent of single-family homes are selling at or above their asking price.

Property taxes are among the lowest in the region. The average annual property tax for a single-family residence was $672 in 2012. And the property tax mill levy has not increased since 2001, when Broomfield became a combined city and county. Retail sales tax revenues (which topped $46 million in 2012) help keep the numbers in line.

What’s keeping them in Broomfield?

Broomfield and the surrounding area offer tremendous opportunity for employers and employees in the high tech, computer and telecommunications industries. Major area employers include Level 3 Communications, Hunter Douglas, Oracle, Brocade Communications Systems, Ball Corporation, Sandoz, MWH Global, Gaiam, Vail Resorts, SCL Health Systems, and Vail Resorts

Pharmaceuticals and healthcare are also key industries here. And let’s not forget that this is Colorado—a magnet for anyone pursuing a healthy, outdoor lifestyle—so you’ll find companies large and small working on green technology and natural and environmentally friendly products and services.

What’s coming next?

Broomfield’s population growth is bound to taper off. Projections are for an increase of about 12 percent during the next five years, which is healthy and positive. The city is planning accordingly.

Throughout its history Broomfield has always been a community with a plan. It started as a farming community and it’s named for the acres and acres of broomcorn that once grew there. (Broomcorn is used to make the natural bristles of whisk brooms. It thrives in places such as Colorado, where the summers are warm and dry.)

In addition to housing developments, such as the new Anthem master-planned residential community, Broomfield’s next big plan is for a 9.8-acre mixed use activity center on Main Street and First Avenue, adjacent to the Mamie Doud Eisenhower Library, that will include retail and restaurants, parks and public spaces, residential townhomes /low-rise buildings and commercial property. A request for development proposals was issued in mid-November and bids are due in January.

Another exciting plan in the works involves the 66 acres in the North Park mixed-use community in northern Broomfield where University of Colorado Health (UCHealth) plans to build a medical campus.

In typical Colorado fashion, everything is thoughtfully planned to be gentle on the environment, to retain and preserve extensive areas for outdoor recreation, and to encourage the active lifestyle for which the state is famous.

If your plans include a move to the area, contact us to talk about Broomfield and what it can offer you.

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