City staff provided a County 1B funding update to the Housing Advisory Board at the March 26 meeting, outlining the regional allocation approach and expected funding levels for Boulder.

Background: Boulder County jurisdictions adopted a regional housing partnership goal in 2017 and later placed a 1B measure on the ballot. The recently implemented tax measure is projected to generate roughly $16.7 million annually for countywide affordable housing. Staff said the county has set aside 35% of proceeds for supportive services and dedicated 65% for development; administrative set‑asides and an innovation fund allocation were also described.

Allocation details discussed at the meeting: staff reported Boulder is expected to receive about $3 million per year under the county’s allocation formula (figures approximate). The county’s draft approach would allocate development funds across jurisdictions (percentages referenced during the meeting) and hold some funding in regional programs. Staff said an intergovernmental agreement governing distribution is expected to be finalized in April or May 2025.

Council and service­-type considerations: board members asked whether funds could be used for permanent supportive housing (PSH), which mixes housing units with ongoing support services. City staff said the county has expressed support for PSH in principle, but specific eligible uses and criteria are still to be defined in the agreement. Because the county will reserve a portion of proceeds for services, it remains to be determined how projects combining capital, rental subsidies and services will be supported.

Staff emphasized that the new county funds will supplement, rather than replace, the city’s existing affordable housing funds; staff said Boulder’s allocation could enable one or two additional projects each year and free other city resources for additional priorities such as PSH.

Staff said more detailed criteria and project‑level guidance will be available when the intergovernmental agreement and program rules are finalized. The HAB asked staff to keep the board informed as criteria and eligible uses are clarified.

Evidence: Update and numbers were presented by staff during the March 26 HAB meeting; staff indicated the agreement and final criteria are forthcoming.