Willoughby Corner 1-Pager English

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This future neighborhood of high-quality, environmentally-sustainable, affordable homes will be located in Lafayette, southwest of the intersection of 120th and Emma streets.

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 the county’s workforce. With a wide variety of building types, including townhomes, apartments, and duplexes, as well as ADA accessible features, there’s something for everyone!

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. Residents also have access to wraparound supports through BCHA’s partnership with Boulder County Housing and Human Services.

*Rent and income limits, published annually, reflect 2024 CHFA regulations. Rent amounts are anticipated to increase an average of $50/month in 2025, so add this to the amounts shown in the table above for a more accurate estimate. Updated rent and income limits will be provided in advance of Willoughby Corner leasing. Rent amount for residents who have a housing choice voucher will be calculated based on individual income and voucher payment standards.

Please sign up for our interest list at WilloughbyCorner.org

Area Median Income (AMI) Maximum Rent Amount* Includes Utilities! Maximum Gross Annual Income* Based on Household Size 1-Bedroom 2-Bedroom 3-Bedroom 1-Person 2-Person 3-Person 4-Person 5-Person 30% $821 $985 $1,138 $30,660 $35,040 $39,420 $43,800 $47,310 40% $1,095 $1,314 $1,518 $40,880 $46,720 $52,560 $58,400 $63,080 50% $1,368 $1,642 $1,898 $51,100 $58,400 $65,700 $73,000 $78,850 60% $1,642 $1,971 $2,277 $61,320 $70,080 $78,840 $87,600 $94,620 Free EcoPass $ Low Security Deposit Utilities Included Below Market Rate Rent
Workforce Housing for Lafayette
Property Pets Allowed April, 2024

Construction and Lease-up Update

Construction at Willoughby Corner is starting to move forward. Grading and site work has begun. Site improvements are scheduled to begin this summer, followed by building construction. Building construction completion will be staggered by building, with the first building completed in the spring of 2024 and the last building in Phase 1 completed by the end of fall 2024.

Lease-up for Willoughby Corner’s 55+ building will begin spring 2024 and lease-up for the multi-family building’s will begin summer of 2024. Construction of Phase 2 of Willoughby Corner is scheduled to begin as early as fall of 2025, and construction on Phase 3, the affordable homeownership component, is scheduled to begin as early as fall of 2026.

Meet Joe, Kate, and Charlie Joe is a new teacher and makes $44,500 per year

Kate has a part-time job and makes $15,000 per year

Family would be spending close to 50% of their income on market rate rent

*Utility Averages Determined by HUD, subject to change on an annual basis

**Zumper.com: Accessed June 2023 | www.zumper.com/rent-research/lafayette-co

Special Thanks

BCHA would like to thank The City of Lafayette Council Members, Planning Commission and staff members for their support and collaboration on the Willoughby Corner Project. The City has worked closely with BCHA for many years to make this project possible. The City of Lafayette is a leader across the region in affordable housing and is demonstrating outstanding commitment to reaching our Regional Housing Partnership goal of 12% of all homes being affordable by 2035. We are so excited to bring forth this new all-affordable neighborhood to the City of Lafayette and welcome all of its residents. This project has been a community effort from the beginning, and BCHA would like to thank the East Lafayette Advisory Committee (ELAC) and all community members who collaborated and supported Willoughby Corner through this process. Thank you all!

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
accommodation, please call 720.564.2274.
For more information, please visit WilloughbyCorner.org
Below-Market-Rate Rents vs. Market Rate Rents** in Lafayette, CO *Rent Price Includes Utilities Home Size Potential Monthly Rent 30%–60% AMI Average Monthly Lafayette Rent Potential Savings per Year 1 Bedroom $747–$1,494 (includes $191 in utilities) $2,021 $6,324–$15,288 2 Bedroom $897–$1,794 (includes $231 in utilities) $2,476 $8,184–$18,948 3 Bedroom $1,036–$2,072 (includes $272 in utilities) $2,894 $9,864–$22,296
Annual Income 2 Bedroom Market Rate (includes utilities) 2 Bedroom BelowMarket-Rate (includes utilities) Annual Savings (can be used for stabilization or a down payment) $59,500 $2,476 $1,495 $11,772

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