Pagosa Sun | Wednesday, March 5, 2025
The Colorado Department of Local Affairs (DOLA), Division of Housing, has awarded $1,753,000 to Ignacio, Pagosa Springs and Silverton, as part of Proposition 123 (Prop 123) initiative to support the development of affordable housing.
These funds, made available through the State Affordable Housing Support Fund, will assist the awarded communities in creating new housing units to address the growing need for affordable and attainable homes.
Prop 123 created a state-level funding mechanism, dedicating 40 percent of the funds to the Affordable Housing Support Fund, administered by DOLA, and 60 percent to the Affordable Housing Financing Fund, overseen by the Colorado Office of Economic Development and International Trade (OEDIT).
These funds are allocated to support local housing programs aimed at addressing the affordable housing crisis in Colorado....continue reading the article.