Longmont’s Inclusionary Housing (IH) Ordinance requires the provision, or the equivalent, of 12% of units, in new residential developments be affordable to low- and moderate-income buyers.
The City’s definition of affordable housing is defined as homes sold at a price that is affordable to households at or below 80 percent of the Area Median Income (AMI) and units rented to households at or below 60% of the AMI.
The Ordinance provides a number of ways in which builders and developers can meet this mandate:
- On-site: Provide required affordable housing within the market-rate development.
- Fee-in-Lieu: Pay square-footage fees to the City’s affordable housing fund.
- Off-site: Build the required affordable housing in another location.
- Land Donation: Donate land to the City or a non-profit housing developer. Land must have all necessary infrastructure and support the affordable housing that would be required on-site.
- Redemption of Credit: A developer and/or builder may acquire Surplus Unit credits from another developer/builder that built more than the minimum required affordable units and was issued credits by the City. Credits may be redeemed to offset an equal number of required affordable units in a new development.
- Combination of Options: A developer and/or builder can use a combination of the available options to fulfill the IH requirements.
- Voluntary Alternative Agreement: A developer and/or builder can propose to City Council an alternative way of meeting the requirements that are not in the Ordinance.
For-sale projects require administrative approval for providing units on-site or paying the Fee-in-Lieu. All other options require City Council approval.
Rental projects require administrative approval for paying the Fee-in-Lieu. All other options require City Council approval.
Both for-sale and rental affordable homes must be deed restricted as permanently affordable in a form provided by the City.
Affordable Housing Calculators
Download and use our calculators to determine your development’s inclusionary housing requirements. The calculator allows you to input different configurations for your project to identify the ways a project may comply with the IH requirements.
Please note: For for-sale live/work units, 80% of the unit will be subject to Inclusionary Housing. If you will be providing live/work units, please contact the Housing and Community Division to determine how this requirement applies to your project as the calculator does not address this feature.
Read more about Longmont’s Inclusionary Housing Ordinance
- Summary Guide: Longmont’s Ordinance on Inclusionary Housing
- The Longmont Municipal Code on Inclusionary Housing
Questions? Contact Molly McElroy, Housing and Community Investment Specialist.