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Tag: PROP. 123

Arapahoe County using money from Prop. 123 for housing services
denvergazette.com, Local

Arapahoe County using money from Prop. 123 for housing services

By Kyla Pearce | Denver Gazette Arapahoe County is putting $200,000 in funding from Proposition 123 toward housing stability services via a program to target at-risk people, county officials said in a news release.  The county is one of four organizations in Colorado to get money from the proposition for Colorado Emergency Rental Assistance for Housing Stability Services, according to the release.  Arapahoe County's program to provide services with money from the Department of Local Affairs will start in February. Services to help with housing include application assistance, case management, community outreach and resource referrals to individuals and families facing financial hardships that threaten their housing security.  READ THE FULL STORY AT THE DENVER GAZETTE
Under Prop. 123, Colorado has allocated millions in funds this year to governments and housing organizations
State, The Colorado Sun

Under Prop. 123, Colorado has allocated millions in funds this year to governments and housing organizations

By Tatiana Flowers | Colorado Sun State leaders have already distributed millions of dollars this year to dozens of local governments and housing organizations that have pledged to build affordable units across Colorado in the coming years. The state departments of local affairs and economic development and the Colorado Housing Finance Authority, for example, have awarded nearly $80 million to local governments and housing organizations that plan to build affordable units using funds solely from Proposition 123. Voters approved the ballot measure in November 2022 and it requires participating local governments to plan to build at least 3% more affordable housing every year for the next three years.  READ THE FULL STORY AT THE COLORADO SUN