To: Board of County Commissioners
Through: Katherine Smith, Director, Community Resources
Prepared By:
prepared
Elizzebeth (Lizze) Loomis, Division Manager, Community Development, Housing and Homeless Services
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presenter
Presenter: Elizzebeth (Lizze) Loomis, Division Manager, Community Development, Housing and Homeless Services
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Subject:
title
2:00 PM *Development of Intergovernmental Agreements reflecting Prop 123 unit sharing with the City of Aurora and the City of Sheridan
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Purpose and Request:
recommended action
The Board of County Commissioners is requested to approve the development of Intergovernmental Agreements (IGAs) with the City of Aurora and the City of Sheridan to establish the terms and conditions for unit-sharing in alignment with Colorado Proposition 123 (C.R.S. ? 29-32-101 et seq.). These agreements formalize a collaborative framework that enable participating jurisdictions to coordinate affordable housing production and compliance activities required under Proposition 123. If approved here, Staff will present a resolution for the Board to approve a resolution to authorize the Chair to sign the IGAs in a form approved by the County Attorney's Office once they are finalized.
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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: On October 3, 2023, Arapahoe County submitted an Affordable Housing Commitment to participate in Colorado Proposition 123, which was approved by voters in 2022. Colorado Revised Statutes (C.R.S.) Article 32 of Title 29 established the State Affordable Housing Fund (Prop 123) and was subsequently amended by HB23-1304. These statutory provisions set forth requirements for affordable housing commitments, tracking, and reporting for all participating jurisdictions. Under C.R.S. ? 29-32-105(3)(d)(II), participating jurisdictions are re...
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