Colorado Springs City Council discusses housing deficit, cost of living

COLORADO SPRINGS, Colo. (KKTV) – On Monday, Jill Gaebler with Pikes Peak Housing Network addressed issues surrounding housing in Colorado Springs at a City Council work session.

She cited a housing deficit “somewhere between 13,000 and 27,000 homes” and cited significant community opposition to growth and new developments in the city. According to Gaebler, the issue particularly impacts young people in southern Colorado, who “are unable to purchase a home and experience the American Dream.”

According to national data, the average age of a first-time homebuyer has increased from 31 years old to 40 years old over the last decade. The average age of homebuyers overall is 59 years old…

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