City staff: state grants and regional acquisition money to expand rehab and deed‑restricted home purchases

At the end of the Sept. 24 meeting staff reported new funding awards that expand local housing tools. A city housing staff member told the board the city will receive about $2.8 million in state funding for rehabilitation programs that can serve mobile homes and single‑family housing where households meet income and asset limits. The same staff member said the city secured nearly $2 million in a separate grant to acquire homes on the market and convert them to deed‑restricted ownership for eligible households — a model the city has used in Boulder and will now scale regionally in partnership with nearby jurisdictions. Staff explained the regional effort will be administered by the city’s existing acquisition program and will provide monitoring and compliance services for jurisdictions that lack in‑house housing staff. Staff said eligible purchase prices will be tied to city sale‑price schedules (designed for middle‑income targeted units) and deed restrictions will be monitored by city staff. The funds and program details will be operationalized through program guidelines and usual procurement and program setup steps; staff said standing up the programs will take time. Why it matters: The grants expand the city’s ability to repair at‑risk housing (including mobile home stock) and add deed‑restricted ownership units regionally, while centralizing compliance services the city already operates. Staff did not present final program guidelines or an itemized budget at the meeting. Next steps: Staff said they will develop program guidelines, identify acquisition targets and coordinate with county partners for regional purchases. Staff flagged that program design details — including per‑unit caps and income targeting — will be provided in later outreach and program materials.