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.