To: Board of County Commissioners
Through: Katherine Smith, Director, Community Resources
Prepared By:
prepared
Elizzebeth Loomis, Division Manager, Community Development, Housing and Homeless Services, Community Resources
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presenter
Presenter: Elizzebeth Loomis, Division Manager, Community Development, Housing & Homeless Services, Community Resources
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Subject:
title
2:00 PM *HOME-ARP Allocation Plan Amendment
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Purpose and Request:
recommended action
The purpose of this Board Summary Report is to review the funding recommendations for the HOME-ARP Program projects, as recommended by Community Resources, Community Development, Housing and Homeless Services (CDHHS) staff, as well as to seek direction from the Board of County Commissioners (BOCC) regarding the plan to utilize these funds.
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Background and Discussion: Arapahoe County, through the U.S. Department of Housing and Urban Development (HUD), received $2,691,031 in HOME-ARP funds to help reduce homelessness and increase housing stability. The HOME-ARP funds are a one-time entitlement allocation approved in the American Rescue Plan and distributed through HUD.
The HOME-ARP Allocation Plan was approved by the Board of Commissioners on March 28, 2023. The recommendations below would utilize a portion of these one-time entitlement funds to leverage additional funding sources to support housing stability and reduce homelessness.
Development of Affordable Rental Housing
* Sanctuary on Potomac
o Developer: Housing Authority of the City of Aurora
o Location: 1290 S. Potomac Street, Aurora, CO, 80012
o Funding Request: $2,800,000.00
o Funding Recommendation: $1,212,377.00
CDHHS Staff is recommending $1,212,377.00 in HOME- ARP funds to address the rising development costs, particularly the construction cost increase and overall feasibility of the project. With the utilization of the housing first model, this project will construct 43 permanent supportive housing units for house...
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