City of Broomfield City Council Study Session Report Jan 2024
Broomfield Taps CHAC to Administer $1 Million Down Payment Program
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Description
The City and County of Broomfield proposes to contract with Colorado Housing Assistance Corporation (CHAC) for administration of its Down Payment Assistance Program in 2024, utilizing $1 million to provide deferred loans to approximately 25 moderate-income households. This program targets residents earning up to 100% of Area Median Income to help overcome down payment hurdles when purchasing homes.
Contract Details
Contract Amount
$1,000,000 (2024)
Vendor
COLORADO HOUSING ASSISTANCE CORPORATION
Agency
Town of Broomfield, MI
Contract Type
FINANCIAL_SERVICES
Document Date
January 16, 2024
Contract Term
2024 (with annual review for continuation)
Renewal Date
2024-12-31
Renewal Info
Program subject to annual appropriation review; additional funds may be considered for future years and program expansion.
More from COLORADO HOUSING ASSISTANCE CORPORATION
Related Contracts
Colorado Department of Local Affairs State Housing Board Meeting Agenda Packet 2026-06-09
APPROVEDCity of Broomfield Council Meeting Agenda May 2024
AMENDEDMore from Town of Broomfield
City and County of Broomfield Agenda 2026-06-09
Broomfield City Council AgendaPacket 2026-06-09
Broomfield City Council AgendaPacket 2026-06-09
Broomfield City Council AgendaPacket 2026-06-09
City and County of Broomfield Agenda 2026-06-09
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