Affordable apartment vacancies fall below 5 percent
Monday, October 8th, 2007Statewide vacancies in affordable housing fell during the second quarter, dropping to 4.7 percent, from first quarter in the first quarter, according to a new state report.The Affordable Housing Vacancy and Rent Survey, released today by the Colorado Division of Housing and the Colorado Housing and Finance Authority, tracks vacancies in units with restricted rents that cater to low-income households. The units are generally owned and managed by housing authorities, non-profits, and for-profit agencies.
The tightest markets for rent-restricted housing were in Grand Junction, Pueblo, the Denver metro area, and Colorado Springs where vacancy rates were 1.7 percent, 4.1 percent, and 4.3 percent, and 5.1 percent respectively.




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