Housing Cost and Availability in Centennial
The City of Centennial is conducting a Housing Study to explore housing costs and availability in Centennial to understand the entire spectrum of housing issues, define various needs for housing and identify priorities to potentially inform policy.
The Housing Needs Assessment(PDF, 3MB) identified four key needs in Centennial:
- Increase housing production to accommodate projected household and employment growth
- Accommodate more missing middle housing types for small-scale ownership opportunities
- Address existing gap for low-income renters (income <$35,000)
- Target affordable homeownership and rental strategies toward price points Centennial workers can afford
This study is a major undertaking that prioritizes community input and collaboration among a wide range of community stakeholders. This work is funded in part by the Colorado Department of Local Affairs.
Policies Being Explored
The Housing Study and Policy Development Project is currently exploring strategies that could influence the housing options and opportunities in Centennial. The strategies are progressing on separate timelines, and updates will be posted here and shared with the housing newsletter as available.
Accessory Dwelling Units (ADUs) are small secondary residential structures located behind the primary house or within an existing house. Alternate names for ADUs include granny flats, mother-in-law apartments, alley houses, secondary dwellings or carriage houses. City Council is considering regulations that would allow property owners to construct ADUs with appropriate height, size restrictions, setbacks and other requirements to ensure ADUs will fit seamlessly into Centennial’s neighborhoods.
A land banking program is a tool used by local governments to buy, acquire, and hold land for later development that meets City priorities. Land banks are often eligible for external funding sources that the City may not apply to directly. Council’s research in 2024 will seek to identify land that is available and suitable for land banking to better understand the budgetary impacts and potential outcomes of starting a land bank in Centennial.
Inclusionary zoning is a program that expands the locations and availability of affordable housing by establishing a requirement that new housing developments include a percentage of affordable housing as part of the project.
An expedited review process would accelerate the approval of housing projects in areas where zoning permits residential use. This would help reduce the project timeline and expenses, which impacts the time it takes to build, contributing to reduced housing costs for the consumer (sale and rent).
Please note: City Council has not made any decisions at this time. Discussions and next steps related to ADUs and land banking are scheduled to come before Council in the coming months.
For more information about each strategy that has been researched, see the Community Housing Strategies Summary Report(PDF, 4MB).
How Did We Get Here?
The Housing Study and Policy Development Project started in spring 2021. City Council, the public and housing stakeholders uncovered Centennial’s housing challenges and evaluated strategies to address these concerns.
For a summary of the housing conversation to date, please see Visual Housing Project Timeline(PDF, 723KB).
Past Housing Documents
Public Comments and Feedback
Thank you for your input and feedback.
Neighborhood Workshop Meeting
Past Housing Presentations
Past Housing Workshop Presentations
October 4, 2022 Workshop:
August 9, 2022 Workshop:
May 17, 2022 Workshop: