With the finalization of the Colorado state budget for fiscal year 2026-27 approaching, one affordable housing proposition is set to lose $130 million in funding.
Passed by voters in 2022, Proposition 123 created Colorado’s State Affordable Housing Fund, which provides approximately $300 million toward affordable housing efforts across the state. Affordable housing advocates have spoken out against the $130 million cut that would be siphoned to Colorado’s General Fund.
“(Fort Collins has) certainly seen the benefit of Prop 123 here,” said Vanessa Fenley, a housing manager in the Housing and Community Vitality Department for the City of Fort Collins. “It’s hard to anticipate what some of these potential cuts could look like for Fort Collins just because it’s dollars that haven’t been awarded yet.”…