FINANCIAL_SERVICESDISCUSSSED

City of Glenwood Springs Workforce Housing Fund Advisory Board Agenda 2026-06-09

Board Reviews Impact Development Fund Loan Administration Proposal

$10,000 one-time implementation fee; $400 per new DPA loan; $1,000 annual fee; $3,500 one-time implementation fee; $300 per new sign-up; $1,000 per file per yearCity of Glenwood SpringsIMPACT DEVELOPMENT FUNDJune 9, 2026

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Description

The City of Glenwood Springs Workforce Housing Fund Advisory Board is revisiting a proposal from Impact Development Fund to administer its down payment assistance and rental assistance programs. The draft fee structure includes one-time implementation charges plus per-loan and annual administration fees for both programs.

Contract Details

Contract Amount

$10,000 one-time implementation fee; $400 per new DPA loan; $1,000 annual fee; $3,500 one-time implementation fee; $300 per new sign-up; $1,000 per file per year

Vendor

IMPACT DEVELOPMENT FUND

Agency

City of Glenwood Springs, CO

Contract Type

FINANCIAL_SERVICES

Document Date

June 9, 2026

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City of Glenwood Springs Workforce Housing Fund Advisory Board Agenda 2026-06-09

DISCUSSSED

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APPROVED

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Issuing Agency