Department of Community Development
Reference: ADOPTING AN AFFORDABLE HOUSING FEE AND DEDICATION REDUCTION TABLE
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 5, 2025
PURPOSE
To review and consider (1) passing an ordinance amending portions of the City municipal code that define affordable housing and outline the process by which fee reductions are applied for, reviewed, and considered, and (2) adopting a resolution replacing the Attainable Housing Matrix (the "Matrix") with the Affordable Housing Fee & Dedication Reduction Table (the "Table").
BACKGROUND
During City Council study sessions held on January 28, 2025 and April 8, 2025, background was provided for revising the definition of affordable housing and the Matrix. Namely, strategies to achieve the goals identified in the Brighton Housing Needs and Incentives Strategies Assessment (the "HNA") include redefining "affordable housing" and revising the guidelines for affordable housing fee reductions. Area Median Income (AMI) levels and their source, affordability mechanisms and their durations, and impact fees eligible for reduction and the reduction amounts were presented at the study sessions.
The draft municipal code amendments and resolution adopting the Table will do the following:
1. Raise the AMI qualifications for fee reductions to 100% AMI for owner housing and 80% for rental housing,
2. Set a 30-year minimum restriction duration for affordable housing,
3. Accept affordability mechanisms as recognized by the Colorado Department of Local Affairs,
4. Establish the Colorado Housing and Finance Authority Income Limit and Maximum Rent Table for Adams County as the source of income limits, and
5. Clarify and correct the procedure for applying for, reviewing, and considering fee reduction, subsidy, or other incentives for affordable housing.
PUBLIC NOTICE
While not required...
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