Resolution 2024-13 - Laserfiche WebLink

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J. Through this IGA, the Parties are making a clear commitment to racial equity as a central tenet in this collaborative regional work. Shared regional housing challenges are rooted in historical practices, processes, and policies that have systematically racialized space by limiting access for Black, Indigenous, and People of Color (collectively `BIPOC") to safe, stable, and affordable housing in the communities in which they choose to live. Interrupting the history of racial segregation is an intended consequence of this collaborative regional work; and K. While the City of Louisville is individually responsible for centering racial equity in its local affordable housing rental and homeownership programs, the Parties will strive to collectively achieve housing access for BIPOC communities, and foster support and accountability in this process. Collaborative activities may include collecting racialized housing data, leading community engagement activities, including those targeted and co -created with BIPOC communities, and ensuring elected officials, when making policy decisions, are aware of and considering racial equity impacts; and The interests of the public are best served by the Parties entering into this IGA. NOW THEREFORE, in consideration of the Recitals, terms, conditions, and covenants included in this IGA, the Parties agree as follows: COVENANTS Purpose. The purpose of this IGA is to create the Regional Affordable Homeownership and Rental Compliance Program (the "Program") and define the structure of the Program and govern the financial contributions from the Parties in support of this provision of services. 2. Term. The term of this IGA shall commence as of the Effective Date. The IGA shall continue for a term of seven years unless a Party elects to terminate this IGA at the end of any calendar year, after giving 180 days' written notice. 3. Services Provided by the City of Boulder. The City of Boulder will provide the following administrative services ("Services") while supporting City of Louisville independence and autonomy: a. Homeownership Services. The City of Boulder will provide administrative services to market homes and process applications, verify eligibility of applicants, prepare legal documents to add affordable restrictions to homes, and provide record - keeping; b. Rental Services. The City of Boulder will provide administrative services to the City of Louisville and property management companies within the jurisdiction which include providing training, technical assistance, monitoring, and direction of rental properties to ensure owners/managers are adequately marketing their properties,