HomeMy WebLinkAbout2026 - RESO 20 - HUD Grant Budget SupplementCITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 20
SERIES OF 2026
TITLE: A RESOLUTION AMENDING THE 2026 FISCAL YEAR
HOUSING FUND BUDGET TO REFLECT THE APPROVAL OF A
SUPPLEMENTAL BUDGET APPROPRIATION IN THE AMOUNT OF $2
MILLION TO ACCEPT GRANT FUNDS FROM THE U.S. DEPARTMENT
OF HOUSING AND URBAN DEVELOPMENT
WHEREAS, in 2024, the City received a $2 million grant from the U.S. Department
of Housing and Urban Development (HUD) Community Project Funding (CPF) Program to
fund naturally occurring affordable housing (NOAH) in Wheat Ridge; and
WHEREAS, on February 24, 2025, City Council allocated all CPF funds to Foothills
Regional Housing to support the acquisition of Fruitdale School Lofts (Property); and
WHEREAS, in March 2025, HUD approved the use of the funds for the acquisition
of the Property; and
WHEREAS, on May 12, 2025, City Council approved a funding agreement, allowing
the sale of the Property to proceed; and
WHEREAS, the City Council wishes to accept and appropriate the $2,000,000 from HUD into the 2026 Fiscal Year Housing Fund budget; and
WHEREAS, the Wheat Ridge Charter requires that supplemental appropriations to
the budget be approved by the City Council through a resolution.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat Ridge,
Colorado, as follows:
Section 1. The 2026 Housing Fund Budget is hereby amended to reflect a
supplemental budget appropriation as follows:
• $2,000,000 in Housing Fund account 450-70750-101 for the grant funds
expenditure and revenues are amended accordingly.
DONE AND RESOLVED this 27th day of April 2026
ATTEST:
Janeece Hoppe, City Clerk
Korey Stites, Mayor