To: Board of County Commissioners
Through: Katherine Smith, Director, Community Resources
Prepared By:
prepared
Nancy Sonnenfeld, Community Development Administrator, Community Development and Housing Stability Services Division
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presenter
Presenter: Lizze Loomis, Manager, Community Development and Housing Stability Services Division
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Subject:
title
1:30 PM *Affordable Housing Development Grant 2026 Re-Allocation
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Purpose and Request:
recommended action
The Board of County Commissioners (BOCC) is requested to approve an adjustment of the funding recommendations for the 2026 Affordable Housing Development Grant (AHDG) related to the purchase of the property at 15001 Oxford Road, Oxford Vista Development due to the results of a second appraisal and increase the purchase price to $3,500,000.
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Alignment with Strategic Plan: Economic Resilience and Stability - Maintain and improve affordable housing initiatives, including housing preservation and homeownership support.
Background and Discussion: In December 2025, the BOCC approved a one-time allocation of $4,000,000 to support affordable housing initiatives, along with an ongoing annual allocation of $1,000,000 in subsequent years.
The BOCC reviewed the 2026 AHDG recommendations presented by Community Development Housing and Stability Services (CDHSS) staff, during a study session on March 2, 2026. During the March 2, 2026 Study Session, the BOCC reviewed two funding recommendations for the 2026 Affordable Housing Development Grant (AHDG) presented by CDHSS staff; purchasing approximately 7.5 acres at 15001 Oxford Road in Aurora in the amount of $3,500,000 through the Arapahoe County Housing Authority (ArCHA) and $500,000 to fund predevelopment activities for future County-led affordable or attainable housing projects, and approved the items on the March 31, 2026 Consent Agenda.
Upon receipt of an appraisal of the parcel, the BOCC approved changes to the recommendations on...
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