The City of Loveland and the Loveland Housing Authority are working to try and secure more affordable housing, as the demand for such housing options continues to rise across the region. According to the Loveland Housing Authority, there are thousands of families still seeking affordable options to purchase a home in the city alone.
Jeff Feneis, executive director of the Loveland Housing Authority, told CBS News Colorado the surge in home valuations in the last decade has caused many once-affordable homes to now be out of budget for many.
“There is over 4,500 homes (in Loveland) that used to be affordable for lower income that have been lost due to market appreciation,” Feneis said.
Feneis and his peers helped launch the Loveland Affordable Housing Task Force, a group of around 20 community members, elected officials, home builders and more. The goal of the team is to explore creative ways to improve access to affordable housing.