The City’s Housing and Community Services Department is accepting funding applications from developers and service providers interested in creating and/or preserving affordable housing opportunities in Aurora.
Donor Name: City of Aurora
State: Colorado
City: Aurora
Type of Grant: Grant
Deadline: 07/08/2022
Size of the Grant: $2 million
Details:
The purpose of the Community Investment Financing application is to provide resources for developers and service providers interested in creating and/or preserving affordable housing opportunities in the city of Aurora. The city’s housing priorities are established in the Housing Strategy and guided by six policies informed by best practices and extensive community input. Applications will be evaluated based on alignment with the policies and goals of the Housing Strategy.
- Foster a balanced and sustainable housing portfolio in Aurora
- Preserve the long-term affordability of existing housing stock
- Expand the inventory of housing options throughout Aurora
- Strengthen the city’s capacity for addressing housing issues
- Strengthen the local economy and expand employment opportunities in Aurora
- Support protections for homeowners and renters.
Funding Information
- $1 million in HOME Investment Partnerships: To fund a wide range of activities, including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income communities.
- $300,000 in Community Development Block Grant Program (CDBG) funding: To provide decent housing, a suitable living environment, and expanded economic opportunities for Aurora residents.
- $2 million in American Rescue Plan Act (ARPA) funding: To assist individuals or households who are experiencing homelessness, at risk of homelessness, and other vulnerable populations, by providing housing, rental assistance, supportive services, and non-congregate shelter to reduce homelessness and increase housing stability in the city.
For more information, visit City of Aurora.