As of 2022, nearly 64% of households in the Greater Grand Junction Area could not afford a median home price of $399,000. The City of Grand Junction Housing Inventory completed in 2021 identified a gap of over 3,000 units to house our citizens. All three of these housing options and the wide range of strategies that accommodate them are needed to address the housing needs in our community as well as across the nation. Attainable housing can also include both affordable and workforce housing. These definitions can vary depending on different factors, however, here are some general overviews of each term.Īffordable housing targets individuals and families with low to moderate incomes, workforce housing is specifically tailored for essential workers, and attainable housing encompasses a broader spectrum of housing options that are accessible to people with different income levels. These three terms are commonly used in the real estate and housing sectors to describe different types of housing options that are accessible to individuals and families with varying income levels. The issue of housing affects everyone, from families to employers, and it has a significant impact on the overall quality of life and the legacy of the region.īefore we dive into the housing challenge, it is important that we provide clarification on the differences between workforce, affordable, and attainable housing. ![]() ![]() We believe this initiative will contribute to sustainable growth and improve the quality of life in the region. Our Board of Directors unanimously voted to endorse ballot measure 2B. This initiative would allow the City of Grand Junction to lease its land for up to 99 years, for the purpose of affordable and workforce housing. The existing shortage of affordable housing inventory throughout Colorado puts a considerable strain on our local economy.ĭuring the last Grand Junction Economic Partnership Board of Directors meeting, we received a very compelling presentation on the upcoming ballot measure 2B. Over the past few years, our community has experienced significant growth and development with new investments, people relocating to the region, and the vision of our community gaining traction.Īlthough growth is essential for progress, it brings along a set of challenges, particularly in terms of housing. (Originally published in the Grand Junction Daily Sentinel – October 22, 2023)įor many communities across the country, including ours, housing has become a hot topic. ![]() By: Curtis Englehart | Executive Director, GJEP
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