Triple Point conducted a regional rental market study as supporting material for a Colorado More Housing Now grant application which was awarded in November 2024.
The study featured a unique and in depth analysis of CHFA rent maximums in comparison to detailed cost of living data from the University of Washington’s Center for Women’s Welfare. The results show that affordability is very sensitive to the number of income earners in a household and household structure. In some cases, households with 120 percent AMI income are realistically only able to afford housing at the 65 percent AMI level, bring into question the conventional assumption that all households are able to allocate 30 percent of their budget to housing.