The City of Aurora and Arapahoe County have entered into an intergovernmental agreement to allocate and track affordable housing units from the Brothers PSH Development project for the purpose of Proposition 123 compliance. The agreement allows for the sharing of affordable housing credits between the two entities to support their respective commitments to increase affordable housing stock. The City of Aurora and Arapahoe County will cooperate to track and report the shared units to satisfy applicable compliance requirements.
Details
Subject
Proposition 123 Shared Affordable Housing Credits for Brothers PSH Development
Summary
The City of Aurora and Arapahoe County have entered into an intergovernmental agreement to allocate and track affordable housing units from the Brothers PSH Development project for the purpose of Proposition 123 compliance. The agreement allows for the sharing of affordable housing credits between the two entities to support their respective commitments to increase affordable housing stock. The City of Aurora and Arapahoe County will cooperate to track and report the shared units to satisfy applicable compliance requirements.