Douglas County housing partnership recommends order for sharing Proposition 123 credits
The proposed rankings put Lone Tree first to contribute excess credits and Douglas County first to receive credits if it has a shortfall; the partnership board’s vote is scheduled for Oct. 22.
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The Douglas County Housing Partnership recommended an order for member communities to contribute excess Proposition 123 credits or receive credits if they have a shortfall. The rankings are recommendations, not final allocations to any community.
In a Sept. 29 letter, the partnership said its board adopted a joint-management policy on Sept. 24 and unanimously recommended the rankings for the 2024–2026 commitment cycle. The board was scheduled to vote on the recommendation Oct. 22; as of Oct. 21, it had not yet voted.
The recommended order for members with excess credits to contribute is Lone Tree, Douglas County, Parker, Castle Pines and Castle Rock. For members with a shortfall at submission, the order to receive credits is Douglas County, Lone Tree, Castle Rock, Parker and Castle Pines.
That would put Lone Tree first to contribute excess credits and Douglas County first to receive them if it reports a shortfall. Castle Rock would rank last among contributors and third among recipients. The rankings do not establish whether any community will contribute or receive credits, or how many.
A Castle Rock staff report on the proposed approach says the priority order would be applied using final, documented counts of qualifying units, not preliminary projections. The report says the partnership board would make the allocation decision.
The partnership letter asks member governments to give direction to their board representatives; it says the governments are not being asked to hold separate votes approving the allocation. The recommendation applies to the 2024–2026 cycle, separate from the partnership’s grants, operating funding and housing-project bonds.