Governing
KEYWORD SCORE: 50.08. affordable, affordable housing, apartment, construction, development, house, housing, housing and urban development, housing cost, housing crisis, hud, income, market-rate, parking, project, rent, renter, supply, urban, zoning
In much of the United States, developers spend more to build an affordable apartment for a low-income family than a market-rate one just down the street — sometimes far more. It is one of the central paradoxes of the nation’s housing crisis: The affordable homes that lower-income renters need most tend to be the costliest to build. Colorado is an exception. In a recent study of more than 140 housing developments in California, Colorado and Texas, researchers at RAND, a nonpartisan research organization, found that affordable apartments in Colorado cost about $50 less per square foot to build t
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