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Trust, which serves Denver, Boulder, Aurora, Longmont and Fort Collins, has created 700 a ordable homes and served around 2,000 residents in its rst ve years of operating.

Rodney Milton, a board member for the Elevation Community Land Trust and executive director of the Urban Land Institute, said another bene t to having shared land is it helps to prevent displacement and keeps communities intact.

“ e problem with reaping full equity is you can leave and the next person who buys the house could a ord to buy it at a higher price and you lose the a ordability,” Milton said. “( e land trust) locks in affordability, but it also locks in community dynamics.”

Habitat’s plan to purchase more land in its ve-county service area is evidence that the organization believes in the land trust model for successfully housing more people, La erty said.

“We don’t anticipate land getting any less expensive, even if the market cools,” she said. “We have an urgency and a problem today that we’re trying to meet, as well as a long-term problem that we anticipate, so we’re trying to solve for both today and tomorrow.”

La erty said one of the biggest challenges to expanding programs to serve more lower-income households and add moderate-income households is money. Last year, her organization received a $13.5 million donation from philanthropist MacKenzie Scott, an Amazon stakeholder, which allowed the organization to buy more property.

Even still, La erty said that Habitat likely only meets “a fraction of a percentage” of existing demand.

“We have a need in the metro area for tens of thousands of a ordable houses,” La erty said. “ at’s why we need bigger, bolder action.”

Inclusionary zoning

Another tactic some municipalities are taking is to use a relatively new tool in Colorado, inclusionary zoning ordinances. State lawmakers in 2019 approved a law to allow cities and towns to require developments to include a certain number of affordable housing units or pay fees.

So far, only six communities have implemented inclusionary zoning: Broom eld, Boulder, Longmont, Superior, Denver and, most recently, Littleton.

Littleton’s inclusionary housing ordinance, which went into place in November, requires all new residential developments in the city with ve or more units to make at least 5% of those units a ordable to people at or below 80% area median income for households, which is $62,000 for an individual or $89,000 for a family of four.

If developers do not include affordable units, the inclusionary housing ordinance will levy hundreds of thousands in fees against them to be paid to the city that can then be used on other a ordable housing-related projects.

With upcoming development in the city, more than 2,500 proposed housing units will now be subject to the ordinance, presenting the potential for at least 125 a ordable units.

Littleton District 3 Councilmember Steve Barr said at the Nov. 1 council meeting that he is “not under any impression that the ordinance is going to solve housing a ordability in Littleton or south metro Denver,” but that it provides a critical tool for addressing the crisis.

Developers and others at the meeting voiced concerns about the ordinance making development too costly or di cult and warned it could result in a decrease in the overall available housing. Morgan Cullen, director of government a airs for the Home Builders Association of Metro Denver, told the Littleton council that the ordinance could burden developers to the point where projects wouldn’t be pro table, resulting in no new developments.

“ e additional a ordable units required by this ordinance will not be built if developers and builders decide that Littleton is not a suitable place to invest in the future,” Cullen said.

However, Broom eld Housing Programs Manager Sharon Tessier said in an email that its inclusionary housing ordinance has resulted in 580 a ordable rental units and 43 affordable for-sale homes in two years.

She said when the ordinance was initially in place, a majority of developers chose to pay the fee instead of building a ordable units.

“It allowed us to provide seed money to our new independent housing authority, the Broom eld Housing Alliance, and other critical