The following information is from the City Of Boulder’s current Co-Op Housing web page.
Cooperative Housing Ordinance: What You Need to Know
On Feb. 16, 2017, the City of Boulder’s cooperative housing ordinance (Ordinance No. 8119) will take effect.
What is a Cooperative House?
The ordinance identifies three cooperative types:
- Not-for-Profit Permanently Affordable Cooperative – A rental cooperative owned by a 501(c)(3) corporation with a housing focus. All rents must be affordable to households earning 60 percent of the Area Median Income.
- Private Equity Cooperative – A cooperative in which two-thirds of the owners are residents and two-thirds of the residents are owners.
- Rental Cooperative – A cooperative in which more than one-third of the residents are renters.
Public Consultation on Co-op Housing Ordinance
The topic of allowing co-op housing in the city of Boulder has included consultation with community members. In January 2016 Council members had their first study session to discuss the idea of allowing cooperative housing in Boulder. Over the course of the last year several public hearings allow citizens for and against cooperative housing to share their views with elected officials. In October 2016 City Council reviewed an initial draft of a proposed ordinance and received feedback from the community. On Jan. 3, 2017 City Council held an additional public hearing where over 90 people signed up to speak about the ordinance. Following the hearing, City Council amended and passed Cooperative Housing Ordinance 8119.
For more information, please contact the Planning and Development Services at: 303-441-1880.
Cooperative Housing FAQ
Read More: Co-Op Housing at bouldercolorado.gov