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Apartment construction in Colorado Springs slowed to lowest in a decade in 2024
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gazette.com, Local

Apartment construction in Colorado Springs slowed to lowest in a decade in 2024

By WAYNE HEILMAN  | The Gazette The red-hot pace of Colorado Springs-area apartment construction turned ice cold last year. From 2019 to 2023, multifamily developers pulled permits to build just over 14,000 apartments in the Springs and surrounding El Paso County — one of the hottest stretches of local apartment construction in recent memory that averaged a little more than 2,800 units a year, according to recent and historical Pikes Peak Regional Building Department figures. Developers, however, did an about-face in 2024 and took out permits to build just 838 apartments — a nearly two-thirds drop when compared with the previous year and the fewest since 2015. READ THE FULL STORY AT THE GAZETTE
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In rural school districts, creative solutions to house teachers being created
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Rocky Mountain Voice, State

In rural school districts, creative solutions to house teachers being created

By Lindy Browning | Contributor, Rocky Mountain Voice From Deer Creek School District on the far Eastern Plains to Rangely on the western border of Utah, from Telluride and Aspen to Vail and Steamboat Springs, school districts all over rural Colorado are struggling with a need for affordable and available housing for teachers. In an effort to begin finding solutions for what school districts foresee as a long-term problem, Colorado Rural Schools Alliance (CRSA) hosted their first Rural Housing Forum in Beaver Creek on Thursday, Oct. 24. CRSA represents 146 of 178 school districts in Colorado. The remaining 32 are located in urban areas.  Chris Holbert, formerly a Colorado senator and Minority Leader, and current consultant for CRSA, doesn’t think that one-size solutions fit all sc...
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Takeaways from AP’s report on affordable housing disappearing across the U.S.
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kdvr.com, National

Takeaways from AP’s report on affordable housing disappearing across the U.S.

By JESSE BEDAYN and ARUSHI GUPTA  | Fox 31 via the AP While Americans continue to struggle under unrelentingly high rents, as many as 223,000 affordable housing units across the U.S. could disappear in the next five years alone. It leaves low-income tenants facing protracted eviction battles, scrambling to pay a two-fold rent increase or more, or shunted back into a housing market where costs can easily eat half a paycheck. Those affordable housing units were built with the Low-Income Housing Tax Credit, or LIHTC, a federal program launched in 1987 that provides tax credits to developers in exchange for keeping rents low. It has pumped out 3.6 million units nationwide, and its expansion is now central to Democratic presidential candidate Kamala Harris’ housing plan to build 3 m...
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