The City of Boulder is funneling a substantial $21.38 million into its crusade against the housing crunch, earmarking the bounty for an array of projects that aim to buffer the city’s affordable housing portfolio. This injection of funds, as reported by the City of Boulder, springs from a variety of purses, including commercial linkage fees, Inclusionary Housing cash-in-lieu payments, and the county’s Affordable and Attainable Housing Tax.
“This fund round is the city’s largest one-year investment in affordable housing,” said Kurt Firnhaber, Boulder’s director of Housing and Human Services, as per the City of Boulder. To make 15% of all homes in Boulder permanently affordable by 2035, Firnhaber caressed the eyes of residents with figures that reflect an uptick in affordable home availability, 242 ripe additions in 2025 alone. In a statement obtained by the City of Boulder, it was stated, “With our investments in this fund round, we will add another 184 homes to the city’s affordable home inventory which will help families, service workers and retirees stay in the community they call home.”
Leading the grantee parade with an applaudable $15.08 million, Boulder Housing Partners’ Penrose Place is carving out a 113-unit bastion of affordability at 3300 Penrose Place. Designed to cosset households earning between 30–60% of the Area Median Income (AMI), this high-opportunity development is not only an architectural nod to sustainable living but also brims with potential for enhanced community connectivity and resident well-being…