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Staff briefs HAB on County 1B funding for affordable housing; Boulder to receive annual allocation
Summary
City staff updated the Housing Advisory Board on the countywide 1B affordable‑housing funding approved in 2023; Boulder is slated to receive an estimated additional roughly $3 million per year for affordable housing after a regional allocation formula and administrative set‑asides.
City staff provided a County 1B funding update to the Housing Advisory Board at the March 26 meeting, outlining the regional allocation approach and expected funding levels for Boulder.
Background: Boulder County jurisdictions adopted a regional housing partnership goal in 2017 and later placed a 1B measure on the ballot. The recently implemented tax measure is projected to generate roughly $16.7 million annually for countywide affordable housing. Staff said the county has set aside 35% of proceeds for supportive services and dedicated 65% for development;…
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