Dozens of Colorado cities and towns that are home to more than half of the state’s population have signed up to receive their share of a nearly $300 million affordable housing program approve…
Boulder enrolled, too, after the city — like its counterpart in Denver — unsuccessfully sought a more lenient interpretation of the program’s requirements to make them more manageable. Colorado Springs also signed up, and so did the Ute Mountain Ute Tribe, taking advantage of a tweak by legislators to allow tribes access.The enrollment figures drew praise from the program’s supporters.
“It’s better than I anticipated, frankly,” added fellow supporter Peter LiFari, who runs Maiker Housing Partners, the housing authority in Adams County. The money, he said, will help local governments weather “brutal” market forces, such as high interest rates and construction costs.about the workability of Prop 123’s requirements.
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