County Opts into Prop 123
Mesa County has opted into Proposition 123, an affordable housing state initiative passed by Colorado voters in November 2022.
To qualify to participate, Mesa County has committed to increasing the number of affordable housing units within its territorial boundaries through the new construction or conversion of 253 units by December 31, 2026. The annualized goal is 84, based on 3% annual increases over the baseline amount of 2,808.
According to the Colorado Office of Economic Development and International Trade, “Proposition 123 created the State Affordable Housing Fund, dedicating 40% of funds to the Affordable Housing Support Fund administered by the Department of Local Affairs (DOLA) and 60% to the Affordable Housing Financing Fund overseen by the Colorado Office of Economic Development and International Trade (OEDIT) to fund housing programs.”
To learn more about Proposition 123 Affordable Housing Finance Fund Programs, visit the Colorado Affordable Housing Financing webpage.
To view how the proposition will be implemented and what types of organizations are eligible, go to DOLA's Proposition 123 Implementation webpage.