City of Broomfield Council Meeting Agenda May 2024
CHAC Contract Amended for Down Payment Assistance Program
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Description
Broomfield amended its contract with Colorado Housing Assistance Corporation (CHAC) to administer the Down Payment Assistance Program. With a $1.5 million grant, CHAC will manage the program for 2024 and 2025, paid through capped administrative fees.
Contract Details
Contract Amount
$75,000 in 2024 administrative fees; $75,000 in 2025 administrative fees
Vendor
COLORADO HOUSING ASSISTANCE CORPORATION
Agency
Town of Broomfield, MI
Contract Type
PROFESSIONAL_SERVICES
Document Date
May 14, 2024
Contract Term
2 years (2024 and 2025)
Renewal Date
2025-12-31
Renewal Info
Amendment revises administrative terms for two-year grant period; prior contract established January 2024. No mention of automatic renewal.
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