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TO: Mayor John Laesch
FROM: Chris Ragona, Director of Community Services, Community Services Department
DATE: August 13, 2026
SUBJECT:
A resolution to approve a reallocation of $370,000 in Affordable Housing Solutions (AHS) funding to the City of Aurora's Choose Aurora Down Payment Assistance Program.
PURPOSE:
To reallocate $370,000 in Affordable Housing Solutions (AHS) Funding consisting of $320,000 from The Neighbor Project's Infill Construction Project along with an additional $50,000 that was previously unallocated to the City of Aurora's Choose Aurora Down Payment Assistance Program for homebuyers up to 120% Area Median income (AMI, $145,800 for a family of 4).
BACKGROUND:
The City's Affordable Housing Solutions (AHS) fund supports activities dedicated to preserving and creating local affordable housing. It was established from nine key strategies identified in the City’s 2025-2030 Affordable Housing Strategy. The nine recommendations can be found in Attachment A.
As part of 2026 staff recommendations, $320,000 was originally set aside for The Neighbor Project's Infill Construction Project aimed to construct affordable single family housing on vacant lots for first time homebuyers. City staff is working on pre-development planning, however implementation is not expected to begin until spring 2027. For this reason, city staff has recommended to change the source of the set aside for The Neighbor Project proposal to HOME funding and reallocate AHS funding in the amount of $320,000 to increase the budget of Choose Aurora to allow additional homebuyers up to 120% Area Median income (AMI, $145,800 for a family of 4 to apply for assistance). The remaining $50,000 would come from an unallocated line item within the AHS budget. The proposed updated recommendations can be found in Attachment B.
The City of Aurora's Choose Aurora Down Payment Assistance program initially allocated $600,000 earlier this year consisting of $300,000 in federal funds and $...
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