SUBJECT:
Title
Discussion on Proposition 123 Fast Track
Department
DEPARTMENT: Planning & Development
Presenter
PRESENTER(S): Ben Hemphill, Planning Commission Chair
end
Time
TIME ESTIMATE: 20 minutes
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For time estimate: please put 0 for Consent items.
Fiscal
Policy
POLICY ISSUES:
Discussion item only.
Recommendation
STAFF RECOMMENDATION:
Discussion item only.
Body
SUMMARY/KEY POINTS
Item added at Chair Hemphill’s request for discussion in preparation for June 2 Study Session.
BACKGROUND OF SUBJECT MATTER:
At the request of Chair Hemphill, this item is on the agenda for the Commission to discuss Proposition 123 Fast Track in advance of the Joint Session with Town Council. The Joint Session with Council is scheduled for June 2.
• Proposition 123 was approved by voters in 2022 creating the State Affordable Housing Fund ($300M).
o Eligible entities are nonprofits, developers, local governments and community land trusts within a jurisdiction that has made a Prop 123 commitment
o Erie’s three-year commitment was filed with DOLA on June 27, 2023 - for a total of 15 units. The Cheesman Residences have satisfied the initial commitment.
• Planning Commission discussed amendments to Chapters 6 and 7 of Title 10 of the municipal code regarding alternative standards for affordable housing projects at their July 2, 2025, meeting.
• Town Council removed the alternative standard for affordable housing projects at their August 12, 2025, meeting.
• HB 26-1360 transfers 40% from the State Affordable Housing Fund to the General Fund on June 30, 2026, to balance the budget.
Various documents are provided as attachments for reference.
attachments
ATTACHMENT(S):
1. Planning Commission Meeting Minutes July 2, 2025
2. Resolution P25-07
3. Ordinance No. 023-2025
4. Proposition 123
5. DOLA Commitment Filings - First Cycle