A new strategic plan looks to address the growing issue of housing affordability in Greeley with a focus on incentives for developers.
On Tuesday, the city staff proposed a five-year plan that would look to facilitate a variety of mixed-income developments throughout the city, such as entry-level homes, and connect them to economic growth. This would include incentivizing entry-level homes with price caps.
Presenting the plan, Housing Director Deb Callies explained many of the city’s households are considered cost-burdened, spending more than 30% of their income on housing costs.
With the population expected to double within the coming years, the city council has tried to tackle affordable housing concerns for some time.
“I’m ecstatic that we’re finally getting to this. This has been a