Palo Park (Boulder)
Status: FIRST OF THE THREE TRIPLEXES ARE COMPLETE!
Flatirons Habitat and Boulder Housing Partners (BHP) proposed use of the land at 4525 Palo Parkway, which the city purchased in 2006 with affordable housing funds. The proposal was submitted in 2014 and was called up during the City of Boulder's housing strategy planning process as a project that could quickly meet the city's affordable housing goals.
Boulder City Council gave BHP approval to work with Flatirons Habitat to come up with a site concept plan for the project. The community was heavily involved in this process; thirty community meetings were held throughout the planning process. By May 2016, the site concept plan was approved by the planning board.
In total, the project includes 44 permanently affordable residential units. 35 BHP rental units are now complete, and Flatirons Habitat is in construction stages for nine additional homes.
Three families were selected as homeowners for Palo Park. Each family will complete at least 225 hours of "sweat equity" and purchase their homes at an affordable price and zero percent interest.