Title
Common Sense Institute Colorado Springs Housing Affordability Report
Presenter:
Dr. Steven Byers and Peter Lifari
Body
Summary:
In May of this year, the Common Sense Institute (CSI) released a study on housing affordability in Colorado Springs. It found that increased demand and lagging development have created a significant housing shortage and a major decline in affordability. The housing deficit in Colorado Springs in 2023 is in the range of 16,554 to 27,360 units. To meet population growth by 2028 and close the housing deficit, between 32,000 and 43,000 housing units will need to be built.
Background:
Common Sense Institute is a non-partisan research organization dedicated to the protection and
promotion of Colorado’s economy. CSI is at the forefront of important discussions concerning the future of free enterprise in Colorado and aims to have an impact on the issues that matter most to Coloradans.
CSI’s mission is to examine the fiscal impacts of policies, initiatives, and proposed laws so that Coloradans are educated and informed on issues impacting their lives. CSI employs rigorous research techniques and dynamic modeling to evaluate the potential impact of these measures on the Colorado economy and individual opportunity.
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Financial Implications:
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City Council Appointed Board/Commission/Committee Recommendation:
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Stakeholder Process:
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Recommended Action
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Summary of Ordinance Language
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