The Land and Building Acquisition is currently not accepting applications.
Supporting the community in acquiring land/buildings for affordable and mixed-income housing is one of the City's 13 Housing Strategies (Strategy 6). In alignment with this strategy, City Council adopted Resolution No. 30-23 (PDF) in March of 2023, which created a Land and Building Acquisition Program (LAP). LAP provides funding for land/building acquisition for affordable housing development projects that meet expectations on LAP's Scoring Matrix (PDF). Projects under $300,000 that meet expectations in all categories may be approved by the City Manager, while projects over $300,000 that meet expectations in all categories will be recommended to City Council for funding.
City Council appropriated $3.37 million dollars of American Rescue Plan Act (ARPA) funding to this program in April of 2023.
Official terms of the Land and Building Acquisition Program are listed in Resolution No. 30-23 and in the Scoring Matrix.'
In November 2023, the City of Grand Junction submitted an application for the U.S. Dept of HUD PRO Housing Grant. The grant request amounted to $4,000,000, with the City committing $2,000,000 in support of capitalizing the Land and Building Acquisition Program. Presently, the City is awaiting notification of either the grant's approval or denial. Until such notice is received, the Land and Building Acquisition Program is unable to accept applications. Initiating any project before the release of funding would stray from the goals and objectives outlined in the PRO housing grant, potentially overcommitting the City's available funding. Such actions may lead to the City being out of compliance with the grant stipulations, rendering the project ineligible for funding.