HomeMy WebLinkAbout2026 - RESO 46 - Prop 123CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 46
SERIES OF 2026
TITLE: A RESOLUTION IN SUPPORT OF THE CITY FILING A
COMMITMENT TO THE STATE OF COLORADO TO
INCREASE THE CITY’S SUPPLY OF AFFORDABLE
HOUSING TO BE ELIGIBLE FOR PROPOSITION 123
FUNDING
WHEREAS, the City of Wheat Ridge has learned through community engagement
that housing affordability and housing choice are among the City’s most significant
issues; and
WHEREAS, City Council adopted the Affordable Housing Strategy and Action Plan on January 9, 2023, that prioritizes addressing housing affordability in Wheat Ridge; and
WHEREAS, Colorado voters enacted Proposition 123 in 2022 that made several
hundred million dollars available to affordable housing developers statewide starting in
2023 for affordable housing projects; and
WHEREAS, City Council approved Resolution No. 46-2023 in support of staff filing a commitment to the first cycle of Proposition 123, starting January 1, 2024 and
ending December 31, 2026; and
WHEREAS, City Council adopted Resolution No. 54-2025 establishing an
expedited review policy to support qualifying affordable housing projects to remain eligible for Proposition 123; and
WHEREAS, for any affordable housing projects in Wheat Ridge to be eligible for Proposition 123 funds over the next three years, the City of Wheat Ridge must file a
commitment by November 1, 2026, to increase the number of affordable housing units through December 31, 2029; and
WHEREAS, City Council desires to file a commitment to the State of Colorado, Division of Housing, to increase Wheat Ridge’s supply of affordable housing by 112
units over the next three years so that affordable housing projects, consistent with the Affordable Housing Strategy and Action Plan and other related City adopted plans, may
remain eligible for Proposition 123 funds.
ATTACHMENT 1
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat Ridge,
Colorado, that:
Section 1. The City Council hereby supports the City filing a 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. This Resolution shall be effective upon adoption.
DONE AND RESOLVED this 28th day of September 2026.
_______________________________________
Korey Stites, Mayor
ATTEST:
______________________________________ Janeece Hoppe, City Clerk