Survey Shows Tighter Rental Market for Affordable Housing

By: Associated Press
By: Associated Press
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A new survey released by state officials concludes the vacancy rate in affordable housing across Colorado fell to about four-and-a-half percent in the second quarter.

The Affordable Housing Vacancy and Rent Survey which was released Tuesday tracks vacancies in rent-restricted units catering to low-income households.

It has been done every quarter since July 2006.

The second-quarter rate compares with six percent in the first quarter of this year.

Survey officials say a vacancy rate below five percent indicates a tight market.

The lowest vacancy rates were in Grand Junction, Pueblo, metropolitan Denver and Colorado Springs.

The highest vacancy rates were in Fort Collins, Loveland and Greeley.

The survey was released by the Colorado Division of Housing and the Colorado Housing and Finance Authority.

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