To address Colorado's affordable housing needs, preservation of existing affordable stock is critical. About 23,000 income-restricted units will lose affordability protections over the next 15 years while investors continue acquiring unrestricted affordable properties and raising rents. Preservation of existing stock provides a number of benefits: lower costs than new construction, economic stimulus, environmental sustainability, and displacement prevention but well-resourced private investors outcompeting mission-driven buyers, inadequate capital tools, and limited public awareness. Colorado's affordable housing supply requires prioritizing both new construction and strategic preservation of existing properties.
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