Loveland to expand fee-waiver program for affordable housing
LOVELAND — The city of Loveland will expand its fee waiver program to permit construction of more affordable housing.
On a vote of 9-0, the City Council Tuesday night agreed to allow nonprofit and low-income housing tax credit developers to receive a 100% fee waiver for units priced at 80% AMI and below. Previously, the limit was 60% AMI.
AMI stands for area median income, which varies by county and by household size. In Larimer County, the 80% AMI for a household of two is $72,700, and for a family of four isd $90,850.
As noted by Allison Hade, community partnership administrator, raising…
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