Supplemental plan provides basis for Homelessness Resolution Fund investments in 2021
Following the passage of ballot measure 2B earlier this month, Denver’s Department of Housing Stability (HOST) is releasing the draft
The release of the addendum, which is also available in Spanish, also marks the start of the public comment period, which will run until December 21, 2020. Individuals can review the addendum on the HOST website and submit thoughts and suggestions via an online survey, which is also available in both English and Spanish.
The addendum outlines key priorities for the first year of investments from the fund, including the ongoing response to the COVID-19 pandemic. Other priorities in the plan include housing with supportive services, shelter and supportive services, innovative approaches to ending homelessness, catalytic projects that may combine shelter and housing at a development site, administrative supports, and reserves in the event of unforeseen needs.
HOST has received comments on the 2021 Action Plan that will be integrated with comments on this addendum into a final plan for implementation in January 2021. Priorities for use of the Homelessness Resolution Fund and other HOST resources will be identified in future years through longer-term strategic plans and subsequent annual action plans, which will include processes for additional public input.
Ballot measure 2B authorized an increase of .25% to Denver’s Sales and Use Tax to establish a new Homelessness Resolution Fund. Eligible uses for the fund include housing development, rental assistance and supportive services for housing; expanding shelter capacity and access to 24/7 services, mental health care, substance treatment, housing/employment counseling, and COVID-19 prevention; providing multiple services at a single site; and other programs and services for those experiencing or exiting homelessness.
As approved, ballot measure 2B will cost an average household about $5.25 per month. The fund is estimated to generate an average of approximately $40 million annually over the first 10 years. However, revenue from 2B in 2021 is expected to be lower due to reduced economic activity resulting from the pandemic.