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Resolution 2024-13
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Resolution 2024-13
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Last modified
7/18/2024 1:07:42 PM
Creation date
3/27/2024 12:43:17 PM
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Template:
City Council Records
Also Known As (aka)
IGA Boulder City of__Regional Affordable Homeownership and Rental Compliance Program
Meeting Date
3/19/2024
Doc Type
Resolution
Signed Date
3/19/2024
Ord/Res - Year
2024
Ord/Res - Number
13
Document Relationships
Resolution 2024-63
(Cross-References)
Path:
\CITY COUNCIL RECORDS\TOWN SEAL (40.150)
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ID:
1
Creator:
Created:
3/27/2024 12:43 PM
Modified:
3/27/2024 12:43 PM
Text:
https://homewanted.org/wp-content/uploads/2019/03/Regional-Affordable-Housing-Plan.pdf
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Exhibit A — Scope of Services <br />Purpose <br />The purpose of the Program is to centralize homeownership and rental compliance program <br />services through the Boulder County Regional Housing Partnership (BCRHP). The Program will <br />achieve several goals: <br />• Create policy alignment <br />• Use resources efficiently <br />• Encourage regional collaboration <br />• Apply consistent best practices and processes <br />• Support newly adopted affordable housing programs <br />• Provide streamlined access to multiple programs for residents <br />• Ensure racial equity is centered as a primary objective of the collaborative work through <br />encouraging prioritization of first meeting the affordable housing needs of the most <br />underserved in our community. <br />The Program is a transformational idea in that it has been a longstanding goal of the BCRHP to <br />create regional services in alignment with the 2017 Regional Housing Strategy and can support <br />the program infrastructure needed for more municipalities within the BCRHP to implement <br />affordable housing programs. <br />Throughout the Program, equity and accessibility will be addressed through the adopted policies <br />and procedures that dictate the practices. Current local affordable housing programs have shown <br />to dramatically increase access to housing to households with racial diversity. <br />The Need & Lead Roles <br />Currently, there are several municipalities within the BCRHP that do not have dedicated <br />resources or program infrastructure for homeownership and/or rental compliance programs. <br />Boulder County Housing Authority (BCHA), the City of Longmont, and the City of Boulder <br />manage most of the compliance for homes which they have developed or funded. However, as <br />other municipalities continue to grow their affordable housing programs, there will be a growing <br />need to maintain high -quality, specialized expertise in compliance. The BCRHP believes that is <br />possible with a regionalized approach, administered by City of Boulder staff. <br />Similarly for homeownership programs, some municipalities in the BCRHP manage for -sale <br />units on a case -by -case basis without a formalized team, which has been appropriate in the past <br />given the small number of affordable for -sale units in the region. As the BCRHP continues to <br />grow for -sale housing stock, there will be a similar need to administer a homeownership program <br />at the regional level to create efficiencies in marketing units, qualifying buyers, facilitating sales <br />/ re -sales, preventing foreclosure, and implement industry best practices. The City of Longmont <br />and City of Boulder manage their own homeownership programs. <br />
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