Affordable housing often costs more to build than market-rate housing – Colorado is closing the gap

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In much of the United States, developers spend more to build an affordable apartment for a low-income family than a market-rate one just down the street – sometimes far more. It is one of the central paradoxes of the nation’s housing crisis: The affordable homes that lower-income renters need most tend to be the costliest to build. Colorado is an exception. In a recent study...