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HomeMy WebLinkAbout2023 Resolution No. 0271 RESOLUTION NO. 27 SERIES OF 2023 A RESOLUTION IN SUPPORT OF THE CITY COMMITMENT TO THE STATE OF COLORADO, DIVISION OF HOUSING, TO INCREASE THE CITY’S SUPPLY OF AFFORDABLE HOUSING TO BE ELIGIBLE FOR FUTURE PROPOSITION 123 FUNDS WHEREAS, the City of Englewood has learned through recent community engagement that housing affordability and housing choice are among the City’s most significant issues; and WHEREAS, Colorado voters enacted Proposition 123 in 2022 that will make several hundred million dollars available to affordable housing developers statewide starting in 2023 for affordable housing projects; and WHEREAS, in order for any affordable housing projects in the City to be eligible for Proposition 123 funds over the next three years, the City of Englewood must file a commitment by November 1, 2023, to increase the city’s number of affordable housing units by 9% over three years through December 31, 2026; and WHEREAS, in August 2023, after consultation with City Council, Community Development Department staff submitted commitment information in order to enable the City to be eligible for funding for the next three years; and WHEREAS, the implementation provisions of the proposition require that the governing body provide an expression of commitment to the Proposition 123 program prior to November 1, 2023; and WHEREAS, City Council desires to take formal action to support and authorize the commitment filed with the State of Colorado, Division of Housing to increase the City’s supply of affordable housing by 170 units (9%) over the next three years so that affordable housing projects may be eligible for Proposition 123 funds. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, AS FOLLOWS: Section 1. The City Council hereby supports and authorizes the City commitment to the State of Colorado, Division of Housing to increase the City’s supply of affordable housing to be eligible for future Proposition 123 funds. Section 2. Grant of Authority to Implement Resolution. The Mayor, Mayor Pro Tem (in the Mayor’s absence), and/or City staff are hereby granted the authority to take all actions necessary to implement the provisions of Section 1 above. DocuSign Envelope ID: 65BA09BE-0C6F-487C-80C6-7792BD0A4111 2 ADOPTED AND APPROVED this 16th day of October, 2023 Othoniel Sierra, Mayor ATTEST: Stephanie Carlile, City Clerk I, Stephanie Carlile, City Clerk for the City of Englewood, Colorado, hereby certify the above is a true copy of Resolution No. ____, Series of 202___. Stephanie Carlile DocuSign Envelope ID: 65BA09BE-0C6F-487C-80C6-7792BD0A4111