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Prescott committee weighs down-payment assistance models, CDBG pilot and code updates
Summary
Committee members discussed multiple funding and program models for workforce housing assistance, heard examples from Flagstaff, Cottonwood and Camp Verde, and were told state law limits use of impact fees for housing; staff flagged a possible CDBG pilot and a forthcoming consultant presentation on an implementation plan.
The Prescott Workforce Housing Committee spent the meeting exploring how the city might support workforce housing through programs such as down-payment assistance, and what funding sources and code changes would be needed to implement them.
Brandon Nunez, the city's human resources director, summarized program models used elsewhere and said Flagstaff offers up to $20,000 in down-payment assistance with a two-for-one match from other partners. "They actually match 2 for 1," he said, and described shared-equity models and layered assistance that combine private lender funds, existing assistance programs and a potential city-provided layer.
Members discussed practical barriers lenders impose. Committee member Greg Reardon explained that…
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