To: Board of County Commissioners
Through: Katherine Smith, Director, Community Resources
Prepared By:
prepared
Nancy Sonnenfeld, Community Development Administrator, Community Resources
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presenter
Presenter: Lizze Loomis, Division Manager, Community Development & Housing Stability Services
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Subject:
title
2:30 PM *HOME Investment Partnerships Program PY26 Re-Allocation
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Purpose and Request:
recommended action
The purpose of this study session is to present and review the funding recommendations developed by Community Resources’ Community Development & Housing Stability Services (CDHSS) staff for the Community Housing Development Organization (CHDO) Reserve/Set-Aside and Multi-Family Affordable Housing Development project for the HOME Investment Partnerships Program (HOME) 2026 Program Year.
Additionally, County staff are requesting direction from the Board of County Commissioners (BOCC) regarding the proposed allocation and utilization of these funds, as well as authorization to proceed with the necessary amendments to the 2026 Annual Action Plan for submission to the U.S. Department of Housing and Urban Development (HUD) for review and approval.
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Alignment with Strategic Plan: Economic Resilience and Stability - Support long-term economic resilience through responsible fiscal and investment strategies.
Background and Discussion: On May 19, 2026, the Board of County Commissioners (BOCC) reviewed the 2026 HOME funding recommendations, including $89,048.00 in CHDO set-aside funds for Grovewood Community Development, Inc. and $445,235.80 to support an upcoming multi-family affordable housing project in Arapahoe County. The BOCC formally approved these allocations on June 23, 2026.
Due to delays in Low-Income Housing Tax Credit (LIHTC) financing and extended project development timelines, Community Development and Housing Stability Services (CDHSS) staff recommend redirecting these funds toward the rehabilitation and pre...
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