Welcome to Willoughby Corner
This future neighborhood of high-quality, environmentally-sustainable, affordable homes will be located in Lafayette, southwest of the intersection of 120th and Emma streets.
Workforce Housing for Lafayette Willoughby Corner, a Boulder County Housing Authority (BCHA) property, will consist of permanently-belowmarket rate rental and ownership homes and will serve generations, including families, individuals, older adults, and our workforce. With a wide variety of building types, including townhomes, apartments, and duplexes, as well as ADA accessible features, there’s something for everyone! An affordable home is one of the most important supports a family or individual can have. Safe, stable, healthy, and affordable homes are proven to have a positive impact on health and well-being, education, and the strength of our community. BCHA residents save hundreds of dollars per month on housing costs with below-market rate rent, utilities included in the rent, and a low security deposit. BCHA residents also have access to supportive wraparound services.
$ Below Market Rate Rent
Area Median Income (AMI) 30% 40% 50% 60%
Utilities Included
Maximum Rent Amount* Includes Utilities! 1-Bedroom 2-Bedroom 3-Bedroom
$705 $941 $1,176 $1,411
$846 $1,129 $1,411 $1,693
$978 $1,304 $1,630 $1,956
Low Security Deposit
Free EcoPass
Maximum Gross Annual Income* Based on Household Size 1-Person
2-Person
3-Person
4-Person
5-Person
$26,340 $35,120 $43,900 $52,680
$30,120 $40,160 $50,200 $60,240
$33,870 $45,160 $56,450 $67,740
$37,620 $50,160 $62,700 $75,240
$40,650 $54,200 $67,750 $81,300
*Rent and income limits, published annually, reflect 2022 HUD regulations. Updated rent and income limits will be provided in advance of Willoughby Corner leasing. Rents may be lower than the rates seen here. Rent amount for residents who have a housing choice voucher will be calculated based on their individual income and voucher allotments and may not equal these figures.
If you have at least two years satisfactory rental history, please sign up for our interest list at WilloughbyCorner.org
Is there a need for affordable housing in our community?
Yes! The need is extensively documented. One out of every six people in Boulder County now live in households spending more than half their income on rent or mortgage and in Lafayette rents have continued to skyrocket over the last few years. Wages are not coming close to keeping up with the rising cost of housing across Boulder County and in Lafayette. This creates incredible stress on many of our neighbors. We have a responsibility to help people remain in the communities they love, near where their children go to school, and where they work and have family.
Meet Joe, Kate, and Charlie
BCHA Below-Market-Rate Rents vs. Market Rate Rents** in Lafayette, CO *Rent Price Includes Utilities Potential Average Monthly Monthly Rent @ 60% Lafayette AMI Rent $1,411 1 Bedroom (includes $231 $1,969 Home Size
in utilities)
$1,693
2 Bedroom
(includes $276 in utilities)
3 Bedroom
(includes $321 in utilities)
$1,956
Potential Savings per Year $6,696
$2,445
$9,024
$3,139
$14,196
Annual Income
Joe is a new teacher and makes $44,500 per year Kate is looking for part-time work Family would be spending over 50% of their income on market rate rent Annual 2 Bedroom 2 Bedroom Savings BelowMarket Rate Market-Rate (can be used for stabilization or a (includes utilities)
$44,500
(includes utilities) down payment)
$2,445
$1,693
$9,024
*Utility Averages Determined by HUD, subject to change on an annual basis **Zumper.com: Accessed Aug. 2022 | www.zumper.com/rent-research/lafayette-co
Boulder County Regional Housing Plan
Across Boulder County and beyond, the rising cost of renting or buying a home has placed a tremendous burden on thousands of our neighbors, families, and individuals who are part of who we are as a community. A regional plan has been created through a collaboration with partners across Boulder County, including a unified vision, goals, and set of strategies to help confront this challenge. Willoughby Corner reflects the Boulder County Regional Housing Partnership’s mission to expand access to diverse housing for our community. For more information, please visit HomeWanted.org.
The
Boulder County Regional Housing
Partnership
For more information, please visit WilloughbyCorner.org Boulder County, in accordance with the Fair Housing Act, prohibits discrimination in its programs and activities on the basis of race, color, age, religion, sex, sexual orientation, disability, familial status or national origin. A reasonable accommodation may be requested to ensure equal access by people with disabilities to its programs and activities. To request an accommodation, please call 720.564.2274.