Larimer County commits to expanding affordable housing under Proposition 123 initiative

Larimer County officials gathered on August 4, 2025, to discuss critical housing initiatives aimed at addressing the region's growing need for affordable housing and homelessness support. The meeting highlighted the implementation of Proposition 123, a measure approved by Colorado voters in 2022 that allocates state tax revenue to expand affordable housing. Larimer County has committed to increasing its affordable housing stock by 3% annually, with a goal of preserving or creating 112 units over the next three years.

The recent summit held in April brought together jurisdictions from Larimer and Weld Counties to collaborate on tracking and compliance efforts related to Proposition 123. This regional cooperation is seen as vital for effectively addressing housing challenges and ensuring that local governments are aligned in their strategies.

In addition to Proposition 123, the meeting underscored the importance of the Northern Colorado Continuum of Care, which coordinates homelessness response efforts across the two counties. A strategic plan led by Homeward Alliance aims to enhance system coordination and improve homelessness planning.

The discussion also touched on various housing grants awarded to support eviction prevention, legal defense, and home improvement programs for low-income homeowners. These initiatives are funded through a combination of oil and gas revenue and general fund dollars, reflecting the county's commitment to addressing housing instability.

Concerns were raised about the potential for rising eviction rates, as funding for assistance programs has decreased since the COVID-19 pandemic. While evictions in Larimer County have not spiked as dramatically as in other areas, officials acknowledged the ongoing need for support, particularly as many residents face the loss of other benefits.

As the meeting concluded, officials expressed a commitment to continue exploring solutions to the housing crisis, emphasizing the importance of collaboration and resource allocation to meet the community's needs. The outcomes of this meeting are expected to play a significant role in shaping Larimer County's approach to housing stability in the coming years.