Through its Five-Year Strategic Planning process, HOST heard the need for long-term, deeply affordable units. Therefore, HOST is considering using its HOME-ARP funds to help subsidize already-planned, affordable units so that they serve households at deeper affordability levels, and/or to acquire properties to create more units that are affordable to households earning at or below 30% of the area median income.
Want to learn more? We will be hosting a public meeting from 5:30 to 7 p.m. Wednesday, April 6, for individuals to learn more about and comment on the city’s proposed plans for utilizing HOME Investment Partnership Program – American Rescue Plan (HOME-ARP) funds.
Link to join the meeting: https://denvergov-org.zoom.us/j/83790752735
HOST also previously held two partner consultation sessions. You can find the meeting recording and presentation slides here:
Video of consultation session
Slides from consultation sessions(PDF, 2MB)
Funds for HOME-ARP
HOST anticipates receiving a $10.8 million grant from the U.S. Department of Housing and Urban Development (HUD) for HOME-ARP.
Of that $10.8 million, the City expects up to roughly $10.5 million will be available to lend after subtracting administrative costs.
Funds can be used for:
- the production and preservation of affordable housing,
tenant-based rental assistance,
homelessness prevention services,
housing counseling, and
the purchase and development of non-congregate shelter.
Funds must be spent by Sept. 30, 2030.