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Larimer County reports meeting first-cycle Proposition 1-2-3 obligations
Summary
County staff said Larimer County met its 2024—1026 Prop 1-2-3 commitments by implementing expedited review for affordable housing and preserving 113 units (all preservation this cycle); the final report was accepted by the Colorado Department of Local Affairs on July 1.
Larimer County reported on July 6 that it met its first-cycle obligations under Colorado's Proposition 1-2-3 for the 2024—1026 cycle.
"As of July 1, Larimer County has met our first cycle Proposition 1-2-3 commitment," Aaliyah Rodriguez, the county's housing manager, told commissioners. She said the county implemented an expedited review process for affordable housing on Jan. 5 and documented a 3% annual preservation target that totaled 113 units for the cycle; staff submitted the final report to the Colorado Department of Local Affairs (DOLA), which accepted it on July 1.
Rodriguez said all 113 counted units were preservation units this cycle. The Nueva Vita project accounted for 67 of those preservation units after major infrastructure repairs enabled the park to remain affordable; a small number of units were preserved through the Larimer Home Improvement Program. Rodriguez said Larimer County will use private activity bond contributions in the next Prop 123 cycle to support new affordable housing projects.
Commissioners and staff framed the milestone as regional collaboration: staff worked with Loveland, Fort Collins, Wellington and other partners to clarify counting mechanisms and share strategies for meeting Prop 123 obligations across the region.
Staff said they will continue to coordinate with municipalities and bring details on specific projects and bond usage in future updates.
