1. Minding the Gap Aimee Cox City of Colorado Springs Housing & Community Initiatives

3. 82,700 residents in El Paso County live in housing that is not considered affordable.

4. One third of all households in the US are cost burdened 19.8 million Americans pay more than 50% of their incomes on housing. The share of renters aged 25-34 with cost burdens increased from 40% to 46% from 2003-2013 while the share with severe burdens rose from 19% to 23% The existing housing stock is unprepared to the needs of a large and growing senior population.

5. One out of every four renters in Colorado pays more than 50% of their income on housing. 165,000 households One in three children in Colorado lives in a household with a high housing cost burden. 325,000 households It will take over 100 years to overcome this gap at the current rate of building affordable housing.

8. Median wage $33,261

9. About half of renters and a third of homeowners with mortgages in El Paso County are cost burdened. There is a gap of 24,513 affordable housing units for households making up to $67,000/yr. The lack of affordable housing for extremely low income households has serious implications in our work to end homelessness.

10. High cost housing means less consumer spending in the local economy Colorado households that spend more than 30% of their monthly income on housing account for $2 billion less spending each year on consumer goods. Crowded out spending in El Paso County: $235 million

11. The cost of not housing people is expensive. $57,000/year Permanent Supportive Housing $13,400/year

20. Learn More Affordable Housing Needs Assessment for Colorado Springs and El Paso County www.coloradosprings.gov/housing www.coloradosprings.gov/housing Live Affordably Colorado www.liveaffordablycolorado.org www.liveaffordablycolorado.org Joint Center for Housing Studies www.jchs.harvard.edu www.jchs.harvard.edu