Templates and insights for employers to improve hiring and retention by increasing income-aligned housing within a reasonable proximity to work.
Updated December 14, 2023
Jefferson County’s shortage of in-demand workers is often considered an access problem. Rising home prices and lease rates – compounded by rising property taxes and a sheer lack of housing supply – are making it harder and harder for employees to stay in or move here. For example, countywide, the overall number of single-family homes on the market in June 2023 was 664, half the number reported in June 2022, according to the Colorado Association of Realtors.
The Arvada Chamber of Commerce created the Employer Housing Toolkit by using insights from economists, community catalyzers, real estate financiers, developers, state agencies, and Human Resources leaders across Jefferson County to guide employers in this employer housing toolkit on A) equipping their target and existing talent to secure attainable missing-middle housing and B) increasing the overall supply of housing in the region.
In this Toolkit:
- 7 reasons employers should prioritize employee housing
- August 2023 Jeffco data on pricing and income barriers for 60-120% AMI employees
- Steps to help secure employee housing, including templates for needs assessment, data mapping and calculation, and forecasting
- Strategies to building awareness of rental and ownership financing of income-aligned housing options
- 3 ways to advocate to help increase housing supply
- Options for investing in funds focused on increasing local housing supply
As part of its B.O.L.D. 2026 initiative, the Chamber will continue to evaluate housing supply, relative to onsite jobs, with the intent of making policy recommendations that improve the volume of workforce housing in zip codes where real-time supply of income-aligned housing does not meet employer needs. Learn more at arvadachamber.org/housing.
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