BOULDER — A measure that would help pay for the creation of a housing down-payment assistance program for middle-income buyers appears popular with Boulder voters.
As of 1:20 p.m., when 100,250 of the anticipated 104,000 Boulder County votes had been counted, 68.30 percent of votes cast were in favor of Boulder Ballot Issue 2I.
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The measure authorizes the city to take on as much as $15 million in debt to fund a program that helps middle-income home buyers afford down payments. Middle-income buyers earn between 80 percent and 120 percent of the area median income, which is about $76,000.
The program, which has yet to be fully fleshed out or approved by council, is meant to bridge the gap for buyers who qualify for a loan amount lower than most Boulder home prices. Buyers would pay back the down payment assistance over a period of years.