R26-080 · Resolution · 2026 · City of Arvada

A Resolution Committing to Proposition 123 Obligations for the Second Cycle (2027-2029)

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Presenter: Carrie Espinosa On November 8, 2022, Colorado voters passed Proposition 123 which, without raising taxes, reserved one-tenth of 1% (0.1%) of already collected state income tax revenue to create a State Affordable Housing Fund to support affordable housing projects and services, fund homelessness supportive services, and facilitate affordable homeownership opportunities. Local governments must choose to opt-in to Prop 123. Opting-in allows applications for funding for projects and services in that municipality but does not issue funding, or guarantee that funding will be granted. Local Governments, non-profits, community land trusts, and private entities may all apply for Prop 123 funding if the municipality where the project is located has opted-in. The deadline to commit to the Proposition 123 obligations for the 2027-2029 cycle is November 1, 2026. The Arvada team recommends that the City Council approve R26-080, A Resolution Committing to Proposition 123 Obligations for the Second Cycle (2027-2029).

Status timeline

Every recorded action on R26-080, oldest first
DateLocationAction
10/20/2026City CouncilListed on the City Council agenda — Consent Agenda

Full text

Official record

City of Arvada — City Council meetings, CivicClerk (arvadaco.api.civicclerk.com)

Source: City of Arvada — City Council meetings, CivicClerk (arvadaco.api.civicclerk.com) · Data as of

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