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Brighton assigns state-prescribed purchase rights to Housing Authority to preserve affordable units
Summary
Council voted 7–1 to assign its statutory rights of first refusal and first offer under House Bill 24-1175 to the Brighton Housing Authority, enabling the authority to act quickly to preserve or convert multifamily properties into affordable housing while adhering to timelines and due-diligence rules set by the statute.
Brighton City Council on Dec. 16 voted 7–1 to assign the city’s statutory rights of first refusal and first offer to the Brighton Housing Authority (BHA) under state House Bill 24-1175. The measure allows the housing authority to match purchase offers on qualifying five-plus-unit affordable properties or make pre-listing offers on larger non-affordable properties that could be converted to…
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