Yampa Valley Housing Authority Passes Resolution to Support State Ballot Issue 123

Published On: October 27th, 2022Categories: Press Releases

STEAMBOAT SPRINGS, CO – With 13 days left until Election Day, the Yampa Valley Housing Authority (YVHA) Board voted to pass a resolution that supports the 2022 Ballot Issue 123 that supports statewide funding for affordable housing.

The Resolution explains Prop123 and why it would be beneficial to the residents of the Yampa Valley. “..Whereas, without raising taxes, Prop 123 will make housing more affordable for working people by providing down payment assistance for first-time homebuyers, lowering rent and building more affordable housing across the state, Whereas the money in Prop 123 is the most flexible set of funds that will exist for affordable housing development in CO, allowing for income averaging, programs that help people at 60,90 and 120% AMI and allowing for changes in jurisdiction AMIs. Whereas, there is currently both a local and statewide housing crisis and additional dedicated funding is need to fund and implement statewide and local affordable housing solutions…”

The Board passed the resolution 7-1  and Board president Cole Hewitt said, “We are not alone in this affordable housing crisis, passing Prop 123 would mean that cities and towns throughout Colorado would have access to resources to develop housing for the people who live and work in their communities.”

The resolution also outlines YVHA’s mission and how it has developed 210 low- and moderate-income units in the last five years, but there continues to be wait lists because of the demand. In addition, the resolution states that a recently commissioned housing demand study showed that 1400 additional housing units are needed to meet current workforce demand in Routt County and that YVHA is finalizing the Brown Ranch plan to develop 2300 units of affordable and attainable homes that will satisfy community demand through 2040.