HomeMy Public PortalAboutResolution 2023-10-02 Approving Commitment of the Town of Fraser with the Colorado Department of Local Affairs to Increase Affordable Housing Inventory by 3% Annually or 9% over the next three yearsTOWN OF FRASER
RESOLUTION NO. 2023-10-02
A RESOLUTION APPROVING A COMMITMENT OF THE TOWN OF FRASER WITH THE
COLORADO DEPARTMENT OF LOCAL AFFAIRS TO INCREASE AFFORDABLE HOUSING
INVENTORY BY 3% ANNUALLY OR 9% OVER THE NEXT 3 YEARS
WHEREAS, Proposition 123, approved by Colorado voters in 2022, establishes
the Statewide Affordable Housing Fund.
WHEREAS, a commitment by the Town to increase its affordable housing inventory
above its current established baseline by 3% annually or 9% over the next 3 years, will
make the Town eligible to receive Proposition 123 funding from the state towards
affordable housing projects or programs.
WHEREAS, the Town of Fraser is committed to increasing its affordable housing
stock.
THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1. The Town of Fraser will file a commitment with the Colorado Department of Local
Affairs to increase its affordable housing inventory by 3% annually or 9% over the
next 3 years above the Town's baseline affordable housing amount, enabling the
Town to be eligible to apply for Proposition 123 funding sources.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED THIS 4th DAY OF October 2023.
Votes in favor: 1
Votes opposed: Q
Abstained: Q
BOARD OF TRUSTEES OF E 2
TOWN : FRASER, COLS ADO
BY:
Mayor
ATTEST:
Town Clerk U
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