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L <br />rty+ <br />Louisville <br />CO LOR A [k) •SIN' (: N <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM 11 <br />SUBJECT: <br />LOUISVILLE HOUSING AUTHORITY UPDATE FROM BOULDER <br />COUNTY HOUSING AUTHORITY <br />DATE: FEBRUARY 11, 2014 <br />PRESENTED BY: AARON M. DEJONG, ECONOMIC DEVELOPMENT <br />SUMMARY: <br />The Boulder County Housing Authority (BCHA) wants to update City Council on <br />Louisville Housing Authority actions and implementation of BCHA's future initiatives in <br />Louisville. <br />BACKGROUND: <br />The City Council approved an Intergovernmental Agreement among the City, Louisville <br />Housing Authority, and the Boulder County Housing Authority on August 21, 2012. The <br />IGA outlines the transfer of LHA's assets to BCHA and commits BCHA to provide <br />affordable housing in Louisville over the next 50 years. Adopting the IGA transferred to <br />BCHA assets and debt of the LHA and provided for BCHA to operate as the housing <br />authority for and within Louisville. <br />DISCUSSION: <br />Attached is a report from BCHA outlining its activities in Louisville over the last year and <br />the future initiatives to increase the supply of affordable housing in Louisville. <br />RECOMMENDATION: <br />This update is for informational purposes only. No action needed. <br />ATTACHMENTS: <br />1. BCHA Update Report <br />2. IGA <br />COUNCIL COMMUNICATION <br />2 <br />