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File #: ID-134-25    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 5/22/2025 In control: City Council
On agenda: 6/3/2025 Final action:
Title: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BRIGHTON, COLORADO, APPROVING THE FIRST AMENDMENT TO THE AGREEMENT FOR AFFORDABLE HOUSING DUPLEX RENTAL ASSISTANCE DEMONSTRATION CONVERSION
Attachments: 1. Resolution BHA RAD2 Agrmt Amendment 6-3-25, 2. BHA RAD2 1st Amendment - 5-15-25 (clean), 3. Duplex RAD Conversion Agreement April 4 2017, 4. BHA RAD2 Agreement Amendment CC 6-3-25 Rev 5-16-25
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Department of Community Development

Reference: Amendment to the Affordable Housing Duplex Rental Assistance Demonstration Conversion Agreement

To: Mayor Gregory Mills and Members of City Council

Through: Michael P. Martinez, City Manager

Prepared By: Shawn Weiman, Affordable Housing Coordinator

Date Prepared: May 21, 2025

PURPOSE
To amend an agreement between the City of Brighton and the Brighton Housing Authority (BHA) regarding the addition of affordable housing units on N. 5th Ave. and S. 18th Ave. and the reporting protocol for affordable housing units on Jessup Street.

BACKGROUND
The City of Brighton and the BHA entered into an agreement on April 4, 2017 (the "Agreement") in which development impact fee reductions were agreed to for adding, in total, sixteen affordable housing units on Jessup St., N. 5th Ave., and S. 18th Ave. Due to constraints, the scope of work at the 5th Ave. and 18th Ave. properties changed, and consequently, plans for adding seven of the additional units were abandoned. Of the sixteen planned additional units, six were added to the Jessup St. property and three units in total were added to the 5th Ave. and 18th Ave. properties.

The Agreement sets a 50% Area Median Income (AMI) restriction on the units. Rising costs have moved the average income to over 50% AMI at the 5th Ave. and 18th Ave. properties, and impact fee reductions were not applied to the three permits issued for the 5th Ave. and 18th Ave. properties. Also, the Agreement requires annual reporting to the City by means of a Colorado Housing and Finance Authority (CHFA) Long Form G-2; however, the form no longer exists.

To account for these changes, the BHA has requested that the Agreement be amended by:

1. Removing the 5th Ave. and 18th Ave. properties from the terms of the Agreement; and

2. Allowing annual compliance reporting via a listing of rents, family sizes, bedroom counts, and income limits.

STAFF ANALYSIS & RECOMMENDATIONS
Preserving existing a...

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