2017 AFFORDABLE HOUSING FUND Application Now Available
The City of Longmont Housing and Community Investment Division (Division) administers a variety of programs designed to foster housing choice and affordability for lower income residents for lower income residents while advancing important neighborhood revitalization and community development goals.
The Division has three main sources of funding to support the goals and objectives stated in its Consolidated Plan.
- Community Development Block Grant Program (CDBG) funding is used primarily to develop viable communities by providing a) affordable, decent, safe and sanitary housing; b) a suitable living environment and c) expended economic opportunities, principally to persons of low and moderate income.
- The HOME Partnerships Investment (HOME) Program's objective is to strengthen public-private parthnerships to expand to supply of decent, safe, sanitary, and affordable housing for low-income households.
- The Affordable Housing Fund (AHF) is a local funding source dedicated to support affordable housing projects in Longmont. Funds must be repayments deposited back to the Fund to be re-loaned.
The City of Longmont is now accepting project applications for the Affordable Housing Fund program funding from interested agencies, organizations, builders, and developers. The City anticipates having about $1M available for competitive Affordable Housing applications.
Affordable Housing Projects can include new construction of housing, acquisition of land for the construction of affordable rental or for-sale housing, rehabilitation of existing housing, or the conversion of market rate housing to affordable housing through property acquisition with or without rehabilitation. All funds must be used to support and serve low and moderate-income people and families.
Technical assistance for preparing an application will be provided on an as-needed basis by calling Molly McElroy at 303-774-4648.
Para información en Español, puede llamar a Virginia al 303-651-8444.
TDD/TTY Communication is available via the Colorado Relay system at 1-800-659-3656.
CDBG funded projects must meet one of the National Objectives:
- principally serve low– and moderate-income persons
- eliminate slums and blight, or
- address a recent and urgent health and safety need. CDBG funding is fairly flexible, and includes the following eligible uses:
The Affordable Housing Fund is used for affordable is used for affordable housing activities including following:
- New Construction of affordable rental and/or for sale housing which can include related infrastructure, and soft costs
- Rehabilitation of rental housing and/or for-sale housing
- Acquisition of real property
For detailed policies and procedures for funding under the City of Longmont's CDBG/HOME and Affordable Housing funds, please refer to the Funding Policies and Procedures Guidelines.
Citizen comments are accepted throughout the consolidated planning process with formal opportunities specifically provided. When determining the housing and community development needs of the city, focus groups are held that reach many different population groups such as minority and/or disabled persons, non-profit agencies assisting these different populations, and the local housing authority. A formal public hearing is also held at this time during a City Council meeting, and during the grant application presentations to the LHHSAB.
At least 30 days prior to the submission of each year's Consolidated Plan a public hearing is advertised and held outlining the City's Projected Use of Funds. Any comments from the hearing are forwarded to the City Council for their consideration. After reviewing the comments received from the public hearing, the Council will approve the adoption of the Fiscal Year's projects as well as authorize the submission of the Consolidated Plan, containing the projects' descriptions to HUD.
If you have any questions you may contact Kathy Fedler, Housing and Community Investment Coordinator.