Englewood has historically offered relative affordability, but recent trends in market prices, rising construction costs, increasing mortgage interest rates and land constraints are putting the city out of reach for middle and lower-income households. A constrained housing market can and will negatively impact economic growth in Englewood and the region, as well as the ability for long-standing residents to remain in their homes, prohibiting existing renters and new residents from buying homes, and making it difficult for renters to remain in their rental units.

City council formed an Affordable Housing Task Force to:

• Conduct a landscape analysis to understand challenges and develop a long-term affordable housing plan for the City of Englewood.
• Develop strategies to preserve affordable housing
• Understand challenges related to affordable housing during a time of inflation
• Determine whether the area median income (AMI) is the right measure for affordable housing, and whether the County’s AMI is the correct measure for Englewood. Consider the development of other performance metrics in setting affordable housing goals.
• Develop strategies to maximize funding for affordable housing opportunities
• Provide information and make recommendations to the City Council and Planning and Zoning Commission.