6. The City has a well-established program for funding affordable housing for low and
moderate income residents. The surge in development has put significant pressure on
housing that used to be affordable to Boulder’s middle-income residents, defined as
earning up to 150% of AMI. Do you view this as an affordability issue that should be
addressed, and if so, what are your ideas for how to address it?
I understand that living in a college town will drive the percentage of rental properties higher than other communities. However Boulder has reached a point where outside buyers see a good investment and purchase homes and condos to turn them into rental units for the long term. This puts a strain on members of the community who are trying to live where they work, as they are at the mercy of the rental property owner and market rental rates. Without hope for owning a home money that could become equity goes to rental property owners and property management companies. While every community needs a good balance of rental units and homeowners I would like to see more homeowners in our community.