Inclusionary Housing
What is Inclusionary Housing
Longmont has an inclusionary housing, commonly known as affordable housing, requirement. All residential developments seeking a development permit must ensure that 12% of the total units are affordable to low- and moderate-income resident.
What is the City’s definition of affordable?
The City defines affordable housing as homes sold at a price that is affordable to households at or below 80 percent of the Area Median Income (AMI) and units rented to households at or below 50% of the AMI.
Read more about Longmont’s Ordinance on Inclusionary Housing.
| Type of Home | Deed Restricted | Income Qualified | Sale/Rental Amount |
|---|---|---|---|
| For-sale Home | Yes | At or below 80% of AMI | https://longmont-staging.go-vip.net/housing-and-community-investment/housing-1/maximum-sale-prices/ |
| Rental Home | Yes | At or below 50% of AMI | https://www.chfainfo.com/rental-housing/asset-management/rent-income-limits |
What other ways can a development project meet this requirement?
- On-site:Â Provide required affordable housing within the market-rate development.
- Fee-in-Lieu: Pay square-footage fees to the City’s affordable housing fund.
- Off-site:Â Build the required affordable housing in another location.
- Land Donation:Â Donate land to the City or a non-profit housing developer (only if approved by Council). Land must have all necessary infrastructure and support the affordable housing that would be required on-site.
- Combination of Options:Â A developer and/or builder can use a combination of the available options to fulfill the IH requirements.
- Voluntary Alternative Agreement:Â A developer and/or builder can propose to City Council an alternative way of meeting the requirements that are not in the Ordinance.
- Redemption of Credit:Â A developer and/or builder may acquire Surplus Unit credits from another developer/builder that built more than the minimum required affordable units and was issued credits by the City. Credits may be redeemed to offset an equal number of required affordable units in a new development.
What type of approval is required?
What type of approval is required: For-sale and rental projects selecting the on-site or fee-in-lieu option are administratively approved. For all other options city council approval is required.
Both for-sale and rental affordable homes must be deed restricted as permanently affordable in a form provided by the City.
What incentives are available?
Longmont offers affordable housing incentives to assist projects, including land development incentives that apply specifically to affordable housing and financial incentives for projects that provide more than the minimum required.
What is my specific project requirement?
Use our calculator to determine your development’s inclusionary housing requirements. The calculator allows you to input different configurations for your project to identify the ways a project may comply with the IH requirements.
PLEASE NOTE: For for-sale live/work units, 80% of the unit will be subject to Inclusionary Housing. If you will be providing live/work units, please contact the Housing and Community Division to determine how this requirement applies to your project as the calculator does not address this feature.
What do we submit with our development application?
Please complete the inclusionary housing application and submit with the initial submittal of the project’s development application.
How is this program impacting the community?
- 2022 Inclusionary Housing Annual Report
- 2022 City Council Communication
- 2022 Inclusionary Housing Snapshot
- 2023 Housing Needs Assessment and IH
- The Longmont Municipal Code on Inclusionary Housing
For previous versions of the Inclusionary Housing Report, or with any questions, please contact the Affordable Housing Specialist at hci@longmontcolorado.gov or at 350 Kimbark St., Longmont CO, 80501.
