Advisory Center for Affordable Settlements & Housing

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Document Type General
Publish Date 01/09/2021
Author Christy Wiseman and Andy Hill
Published By Colorado Department of Local Affairs
Edited By Saba Bilquis
Uncategorized

DOLA Innovative Affordable Housing Strategies

DOLA Innovative Affordable Housing Strategies

Incentivize municipalities and counties to remove land use regulatory (e.g., zoning) and development review process barriers and add local incentives to developing affordable housing. Provide funding and resources to local governments (planning work) to remove these barriers and add local incentives so they qualify for incentive grants.

3 DOLA Programs Created by the Bill
1. Housing Development Incentives Grant ($37.7M to award)
– To qualify, applicants must have adopted at least 3 strategies from the menu of options in the statute
2. Planning Grant ($6.8M to award)
– Model land use codes
– Can fund housing needs assessments
3. Housing Toolkit
– Cohort training and technical assistance program (led by DOLA’s Division of Housing)

Housing Development Incentives Program
• $37.7 million for grants to a muni/county to gap fund an affordable housing development – infrastructure, tap fees, neighborhood or site amenities, or other investments
• To qualify, applicants must adopt at least 3 qualifying strategies from the menu of options in the statute. DOLA has the ability to add or evaluate “other” strategies.Inclusionary Zoning

 

Also Read: Alternative building technologies as a sustainable affordable housing solution

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