A RESOLUTION TO AMEND RESOLUTION NO. 2023-5, OPTING IN

TO PROPOSITION 123 AND SETTING EXPEDIATED REVIEW PROCEDURES FOR FUTURE AFFORDABLE HOUSING PROJECTS

 

WHEREAS, the voters of Colorado approved Proposition 123 in 2022 creating the State Affordable Housing Fund to make certain funds available to local governments as defined by CRS-29-32-104; and

 

WHEREAS, the Town of Holly, Colorado is a statutory municipality duly and regularly organized and validly existing as a body corporate and politic under and by virtue of the Constitution and laws of the State of Colorado and is eligible for Proposition 123 funding and programming; and

 

WHEREAS, the Town of Holly zoning issues are processed by the Board of Trustees, and they do recognize the importance of allowing affordable and attainable housing to be developed for its workforce and its residents; and

 

WHEREAS, the Town of Holly will opt in to follow Housing Authority baseline guidelines for the development of affordable housing as defined in Proposition 123; and

 

WHEREAS, the Town of Holly authorizes the Southeast Colorado Regional Housing Authority (“SECRHA”) or its managing agency Southeast Colorado Enterprise Development, Inc. (“SECED”) to assist with setting the baseline and apply for funding for the development of affordable housing as defined in C.R.S. 29-32-105; and

 

WHEREAS, the Town of Holly also will expedite affordable housing projects, as defined in statute (C.R.S. 29-32-101 and C.R.S. 29-32-105(2)) to ensure that affordable housing projects are reviewed and decision rendered within 90 days of a complete application in alignment with the requirements of C.R.S. 29-32-105(2) et seq.

 

NOW, THEREFORE, BE IT RESOLVED that the Town of Holly Board of Trustees creates the following policy for the use of Proposition 123 Funding:

  1. The Trustees formally opt in to Proposition 123 and will follow the baseline guidelines for the yearly development goal of an additional 3% of affordable and attainable housing for its residents and workforce.

  2. The Trustees authorize SECRHA or SECED to assist with setting a baseline and applying for future funding on behalf of the Town of Holly for the development of affordable housing as defined by C.R.S. 29-32-101.

  3. The Trustees set a formal policy that any complete affordable housing development application received by the Town will be placed on the next available agenda once proper public notice has been posted and a decision rendered on the application within 90 days to ensure an expediated and timely review of the affordable housing project, with the intent to comply with the requirements in C.R.S. 29-32-105(2) et seq.

 

PASSED AND APPROVED THIS 6th DAY OF AUGUST, 2025.

 

/s/ Vance Brian, Jr., Mayor

 

ATTEST:

 

/s/ Cynthia S. Humrich, Clerk/Treasurer