Data Initiative Releases New Housing Affordability Case Study
A new case study released by The Piton Foundation's Data Initiative and the Colorado Futures Center at Colorado State University explores how Adams County is being impacted by, and is attempting to deal with, its increasing number of housing-challenged residents. As more Colorado households at every income level struggle to afford housing, this report attempts to better understand the fiscal impact the decline in affordable housing is having on local governments across the state.
According to the study, Adams County, where nearly 80% of households earning less than $35,000 spend more than 30% of their incomes on housing costs, is faced with increased human services costs that local governments are struggling to cover. The report, which was written by Jennifer Newcomer, director of research at The Piton Foundation and Dr. Phyllis Resnick, lead economist at the Colorado Futures Center, also found that public revenue is adversely impacted when cost-burdened households reduce other spending to meet their basic housing needs.
The study is part of a larger report on the economic impact of housing construction that was commissioned by a coalition of housing and community development partners. It has been featured in the Denver Post, Denver Business Journal, Colorado Public Radio and on 9News. A condensed overview of the Adams County case study is available here.