Thistle is the largest private non-profit provider of permanently affordable housing in Boulder County, and is expanding its services to surrounding counties. Over the last five years, Thistle has greatly expanded its affordable housing portfolio, growing from 140 to over 1,000 homes (784 permanently affordable rentals and 222 Community Land Trust (CLT) affordable homes). Thistle is committed to acquiring and developing homes that meet the escalating need for affordable housing while enhancing the surrounding neighborhoods.
A leader in innovative affordable housing, Thistle has been the recipient of a range of excellence awards in operation and design, including awards from United States Housing and Urban Development, National Association of Home Builders, American Planning Association-Colorado Chapter, Colorado Office of Energy Conservation, Colorado Cross Disabilities Coalition (for accessibility), and E-star and EXCEL Awards (for green building). These commendations reflect Thistle’s long-term commitment to:
Current housing conditions along the Front Range are displacing many residents. Historically, Front Range real estate has appreciated at an annual rate between 10% and 20%, while wages in 2002 increased by less than 5%. Thistle’s average rental household income is 40% of the Area Median Income (AMI)-- $31,600 for a family of 3. The average income for a Thistle homeowner is 55% of AMI --$43,500 for a family of 3.
1991 Sunnypoint Condominiums: 15 two and three-bedroom Northeast Boulder condos. The community backs onto open space and has a shared deck area with barbecue facilities and personal storage areas. 1995 Scattered Sites Homes: 9 scattered-site homes in Lafayette and Longmont. These existing homes were acquired by Thistle and put into the CLT to assure affordability. They range in size from two to four bedrooms, and all have yards. 2000 Buena Vista Community: New construction in Boulder of one, two, three, and four- bedroom condos, town homes, and detached homes serving 49 families with a 1,300 square foot community center, community gardens and a half acre central green space. 2002 Iron Flats: Thistle’s first turn-key development collaboration, with 3 two-bedroom town home style condos in a mixed use community in downtown Boulder 2004 Mapleton Mobile Home Park:Thistle’s largest CLT community. Of 135 existing homes, over half the homes serve households at 30% AMI and below—(a $6.1 million acquisition and renovation). 2005 Uptown Broadway: $5 million dollar new construction tax credit deal in Boulder providing permanently affordable rental housing for 38 families within a mixed-use development that has 140 market rate homes 2007 Blue Vista: 198 new home community in Longmont with 51% (100 homes) permanently affordable – a $32 million mixed income national development model.