Aurora Affordable Housing Fund

Goal: Optimize opportunities to preserve and expand affordable housing for renters and landlords, homeowners, and future homebuyers.

• Recommendation #1: Support the Development of Mixed-Income Units to Expand Affordable Housing Opportunities to Increase Long Term Sustainability.

• Recommendation #2: Utilize Public Land and Under-Utilized Property to Expand Affordable Housing Opportunities by Creating a Landbank.

• Recommendation #3: Enhance the City’s Current Single Family Rehabilitation Programs to Preserve Housing and to Promote Aging in Place.

Goal: Navigate resources to provide supportive services and opportunities needed in an equitable and inclusive manner for diverse households and other stakeholders.

• Recommendation #1: Educate and Inform Stakeholders About Local Programs, Services, Data Trends, and the Importance of Affordable Housing in Aurora.

• Recommendation #2: Leverage Multiple Funding Sources, Partners, and Solutions for Affordable Housing Activities.

• Recommendation #3: Create a Community Resource Coordinator Position at the City to Assist Residents in Need.

Goal: Empower stakeholders by providing opportunities for continued input on local policy and decision making process activities for expanding and preserving affordable housing activities.

• Recommendation #1: Establish an Aurora Affordable Housing Fund to Preserve and Expand Affordable Housing Opportunities.

• Recommendation #2: Provide Landlords with Training Opportunities and Incentive Programs to Enhance Housing Stock and Assist Current and Future Tenants.

• Recommendation #3: Enhance Down Payment Assistance Program to Increase Homeownership.