HomeMy WebLinkAbout23-109 Commitment to Increase the Supply of Affordable Housing Units 10-25-2023RESOLUTION NO.,23409
A RESOLUTION II TIE t ARD } TRUSTEES O THE TOWN3I FIFES"I f
OLORADO, C OMMIMENT TO INCREASE TIE SUPPLY (M AFFORDABLE
HOUSINGUNITS IN HE JOWN 0I FIRESTONE AS SET FORTFORTh IN
PROPOSITION 123
III RE,..AS. at the November 2022 election waters of the State approved Proposition 12 a ai hich
amended the Statewide Affordable I kiusinti I and C.R.S. 2W% I et seq in part. to dedicate one -tenth of
one percentof state income tax revenues to fund housing pro frame through at the state, and
WHEREAS. the Rands a are to be used to increase the saipply of affordable hot sin . support local
governments efforts to a address the housing crisis a and for research and; advocacy for policies that promote
affordable housing; and
Vi Ill RE A , to be eligible For funding the tiosennitL hod) of a local gtrvernt ent in accordance r ith
CRS 2 3-�32-10s(1)ia) must b ° no later than November 1.21023 file a commitment pith the State specie ying
host ' by I ecember %1. 2026 the eon number of newly constructed affordable housing anits and existing
units converted to affordable housing within its*jurisdiction can be increased three percent each )ear over the
entities baseline of currentlyexisting.. allaffordable housinc' units as determined b data I on the united States
Census I3a.rreau, and
WHEREAS, the Board of Trustees supports thegoals of Proposition 12% and desires to commit to
make affordable housing projects within its "lcarisdiction eligible for fun in under Proposition 12%
T O3 , 1111 RE l'ORE , I3I 11 RI SOL..VII) BY VIII°. BOARD OF _[RI 511°1 5 1 1111 TOWN 01`
FIRESTONE C°01 ORADO
I me Board at Trustees of the I own of Firestone relyina upon the American Community Surve
published by the 1.inited States Census Bureau , the current Comprehensive Ilousiing AffordabilityStrategies
estimates published by the 1._Jnited States Department of Housing and I.Jrban F evelopmament and the State of
Colorado`s Baseline Assistance Tool estimates that the I`own of F irestone's Affordable Housing Baseline to
be 2 Units ("Baseline") and the low n of Iry irestone commits to an expedited tee ieao process for Allordable
Housing Development applications ahich s II increase the Baseline by three percent aually° Ia three year
period ending December 31. 2 )26 for a total increase of a 9'^e user the three soars;
`I lit. Board of ITrustees further directs that the "I wsn Clerk forthwith file this Commitment with the
State Department of Local Affairs Division rtti Housing
IN ERODI.. (:°I I) RI \L) AND ADOP`I I D the 5'r ' das of October 25.2)2%.
T (I IIK ". ONE
ATST:IIIDrew Alan Peterson, Mayor
°(let
farm asEac>r, :" capon cler1 r° UI
)o7
VU illataa I. I h °lad as's °crov°aa t.toaµn Lt .