HomeMy WebLinkAboutresolution.council.142-23RESOLUTION # 142
(Series of 2023)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO, APPROVING THE FILING OF A PROPOSITION 123
AFFORDABLE HOUSING COMMITMENT WITH THE STATE OF
COLORADO, AND AUTHORIZING THE CITY MANAGER TO EXECUTE
SAID COMMITMENT ON BEHALF OF THE CITY OF ASPEN, COLORADO
WHEREAS, Colorado voters approved Proposition 123 in November 2022
dedicating .1 percent of annual state income tax revenue to be spent on affordable
housing; and
WHEREAS, in order to be eligible for Proposition 123 grants or loans over
the next three years, entities must file a commitment with the state of Colorado to
increase the number of affordable housing units over its base amount by 3 percent
annually or a total of 9 percent for the first three-year cycle by Nov. 1, 2023; and
WHEREAS, filing a commitment for the Proposition 123 Affordable
Housing program unlocks Aspen's ability to apply for related affordable housing
funding from the state; and
WHEREAS, in order to file a commitment for the Proposition 123
Affordable Housing program, Aspen must establish an affordable housing baseline
referencing the American Community Survey 5-Year Estimates for 2017-2021 or
the Comprehensive Housing Affordability Strategy Estimates for 2015-2019 in
preparing the commitment; and
WHEREAS, the Local Government Affordable Housing Baseline Reference
Data Table using the American Community Survey from the Department of Local
Affairs shows the annualized commitment estimate for Aspen using the Pitkin
County Area Median Income at 16 units; and
WHEREAS, the City Council finds that filing a commitment for the
Proposition 123 Affordable Housing program with the state of Colorado furthers
Aspen's affordable housing goals.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ASPEN, COLORADO,
That the City Council of the City of Aspen hereby approves the filing of a
Proposition 123 affordable housing commitment with the state of Colorado for the
City of Aspen using the Local Government Affordable Housing Baseline
Reference Table for the next three-year funding cycle.
INTRODUCED, READ AND ADOPTED by the City Council of the City of
Aspen on the 26t' day of September 2023.
107_F�
Torre, Mayor
I, Nicole Henning, duly appointed and acting City Clerk do certify that the
foregoing is a true and accurate copy of that resolution adopted by the City Council
of the City of Aspen, Colorado, at a meeting held, on September 26', 2023.
f
Nicole Henning, City Nrk