The town of Kremmling has been awarded a Local Planning and Capacity grant, also known as a LPC grant, for $48,000 by the Colorado Division of Local Affairs, with a match of $12,000 provided by the town. The grant will be used to facilitate and implement a Community Readiness Assessment & Fast Track Strategies Project to address affordable housing in Kremmling, according to a press release.

The news release stated that the grant is intended to provide funding to identify land for future affordable housing projects. It will also expedite development review, permitting and other approvals specific to affordable housing projects. The grant was included in the town’s adopted 2024 budget.

In October 2023, the town set a baseline of 89 affordable housing units. The town’s goal is to increase housing stock by 3% of that baseline number over three years. This will result in three new affordable homes in three years. The Assessment & Strategies Project will help the town achieve planning reviews and approvals for at least one affordable housing initiative per year.

The LPC grant is part of Proposition 123, which was passed by Colorado voters in November 2022. Prop 123, or the Affordable Housing Financing Fund, supports investments through existing state tax revenue.

“The Town of Kremmling’s overarching goal is to create standards and guidelines that are flexible enough to be compliant with Proposition 123 as currently implemented and as the program evolves,” the news release stated.

In the news release, the town of Kremmling thanked all of the local organizations who provided letters of support in the grant application.

To find out more information about the Community Readiness Assessment & Fast Track Strategies Project, please contact town manager Ashley Macdonald at manager@townofkremmling.org.