B.O.L.D. 2026
Housing
B.O.L.D. 2026 (BOLD – Big Opportunities for Leaders to Deliver) is a five-year regional economic strength and resiliency initiative of the Arvada Chamber of Commerce. The Chamber developed BOLD 2026 in consultation with private and public sector leaders and partners in Arvada, Jefferson / Adams Counties, Metro Denver and the state of Colorado.
Our B.O.L.D. 2026 Housing Goal
Ensure access to income-aligned housing so that workers can attain housing within reasonable proximity to their jobs.
Summary
The workers we have and need in our region on a daily basis should be able to live here. Workers across the income spectrum – from teachers and firemen to hospitality and tech workers – should be able to find attainable housing within reasonable proximity to work. To achieve this end, we need accommodative public policy and direct action. The Chamber will convene key regional partners and stakeholders, and catalyze a program that solves this problem.
Housing Advocate Workbook
The Housing Advocate Workbook is a resource for any business leader, regardless of industry of business size. The workbook aims to help leaders understand how housing barriers affect their business, learn how to provide testimony, and develop their own narrative for future advocacy efforts. Through testimony, specifically, leaders can share their experiences and support policies and initiatives that improve housing access for the workforce.
B.O.L.D. 2026 Housing
Events
Housing Tour | Addazu Modular Homes Manufacturing Site
Friday, October 11, 2024
10:00 – 11:30 am
Douglass Colony Group, 5901 E 58th Ave, Commerce City, CO 80022
Join the second installment to the B.O.L.D. 2026 Housing Tour series. The housing tours offer local business and community leaders an opportunity to learn about regional income-aligned housing solutions. Addazu is a modern modular housing manufacturer focused on delivering adaptable modular housing, offering affordable, adaptable, and sustainable solutions for workforce and entry-level housing. Addazu’s modular developments work to expand accessibility and affordability of homeownership for traditionally underserved residents, increasing access to dignified housing father than traditional methods.
Our B.O.L.D. 2026 Housing Work
Catalyze: B.O.L.D. Leadership to Increase Housing Access
Work to Understand: Housing Needs in the Region
Employer Resources
B.O.L.D. 2026 Housing
Challenges
Inadequate supply.
The supply of workforce housing (appropriate quantity at reasonable price) has not kept up with demand. Colorado will need to develop 54,190 NEW housing units over the next five years if we want to stabilize the housing to population ratio
Cost prohibitive.
Owned and rental housing costs prohibitive for many middle-income earners
- Housing costs in Arvada are higher than in the state
- The median home sale price in Arvada is $612,500; the average income needed to purchase a home is $130,000+
- Rent for a two-bedroom apartment is 47% higher in Arvada ($1,605) than in Colorado ($1,088)
- 1 in 4 is paying more than 30% of their income for housing costs
- The living wage in Colorado for a family of 3 is $31.19 / hour (approximately $5,000 / month for a full-time worker)
Existing incentive programs skip middle-income earners.
Federal and state programs generally focus on incentivizing housing projects for earners making less than 80% of the Area Median Income (AMI); these programs do not commonly address housing for earners making up to 120% of AMI; we want and need housing in our region for such middle-income earners.
Barrier to talent availability.
Given the high cost of housing in the region, many workers are forced to look outside the region to purchase a home; this often means long commute times to the job site; many workers cite having a one-hour commute or longer to work in the region; it is no surprise that these workers resign from their positions when they find work closer to home or are unwilling to accept a job in the region because of the commute time.
Lack of regional coordination.
As with Talent and Childcare, Arvada and Jefferson / Adams Counties have long lacked a coordinated effort to grow our stock of workforce housing.
Housing Updates
Arvada Chamber Housing Tour Series: AVi at Olde Town
By Tess McShane, Director of Housing & Childcare “Affordable Housing is where essential jobs and workers go to sleep” In August, the Arvada Chamber hosted its first Housing Tour at AVi at Olde Town in partnership with Foothills Regional Housing as an...
Where Does the Workforce Live? | Arvada Chamber August 2024
By Tess McShane, Director of Housing & Childcare As Arvada continues to evolve, understanding where its workforce lives becomes increasingly important for local businesses, government officials, and residents alike. With a diverse population and a range of...
Arvada Chamber Releases Housing Advocate Workbook
Updated: September 10, 2024 By Tess McShane, Director of Housing & Childcare The Arvada Chamber of Commerce is excited to announce the release of the “Housing Advocate Workbook,” a new and valuable resource designed to help business leaders understand the impact...
B.O.L.D. 2026 Goals
1
Grow Your Talent
Grow our talent to meet the needs of employers and job seekers.
2
Increase Stock of Workforce Housing
Increase the stock of workforce housing to ensure workers can attain housing within reasonable proximity to their jobs.
3
Increase Childcare Capacity
Increase Childcare Capacity to enable caregivers to join / rejoin the workforce and give children the quality early learning experience they need to thrive.
4
Strengthen Business Environment: Advocacy
Ensure elected leaders effectively represent business interests in legislative and policy matters at the local, regional, state and national levels.
5
Strengthen Business Environment: Entrepreneurship
Increase our ability to provide direct one-on-one support and broader collective resources to all businesses.
B.O.L.D. 2026 Accomplishments to Date