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Bill > HB1190

CO HB1190

Affordable Housing Right Of First Refusal

summary

Introduced
02/10/2023
In Committee
04/04/2023
Crossed Over
05/17/2023
Passed
05/17/2023
Dead
Vetoed
06/06/2023

Introduced Session

2023 Regular Session

Bill Summary

CONCERNING A RIGHT OF FIRST REFUSAL TO PURCHASE QUALIFYING MULTIFAMILY RESIDENTIAL PROPERTY BY A LOCAL GOVERNMENT.

AI Summary

This bill establishes a right of first refusal for local governments to purchase qualifying multifamily residential properties of 15 or more units in urban counties and 5 or more units in rural or rural resort counties. The local government's right is limited to preserving or converting the property for long-term affordable housing, which is defined as housing where the annual rent does not exceed the applicable area median income for at least 100 years and has a rent increase cap. The local government can partner with non-profit, private, or other governmental entities to co-finance, lease, or manage the property. If the local government exercises its right, the residential seller must negotiate in good faith with the local government, even if the local government's offer is not the highest.

Committee Categories

Housing and Urban Affairs

Sponsors (33)

Last Action

Governor Vetoed (on 06/06/2023)

bill text

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bill summary

Document Type Source Location
State Bill Page https://leg.colorado.gov/bills/hb23-1190
BillText https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1190_enr.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1190_rer.pdf
Third Reading Amendment L.081 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/EB72BFEA820CE6A6872589A900170D78/HB1190_L.081.pdf
Third Reading Amendment L.080 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/295289B156FB0E9D872589A9000F6E73/HB1190_L.080.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1190_rev.pdf
Second Reading Amendment L.079 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/1CC3EC92952CEC73872589A8000575BF/HB1190_L.079.pdf
Second Reading Amendment L.074 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/A5556CDA2B5EF109872589A40058A6C8/HB1190_L.074.pdf
Second Reading Amendment L.073 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/3D8102C45A038F58872589A3000FEBCF/HB1190_L.073.pdf
Second Reading Amendment L.064 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/0A4E655643222739872589940051B1AC/HB1190_L.064.pdf
Second Reading Amendment L.051 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/21CF8A0E67B5C56A8725898E007FAB72/HB1190_L.051.pdf
Second Reading Amendment L.069 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/B04D41231EAFBA64872589970000A161/HB1190_L.069.pdf
Second Reading Amendment L.049 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/C0AA4D89589AB7278725898F004EFD0C/HB1190_L.049.pdf
Second Reading Amendment L.070 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/695CCCD42F0DA5D387258997000293CB/HB1190_L.070.pdf
Second Reading Amendment L.067 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/511CE1D5E87A61AA8725899600839E0D/HB1190_L.067.pdf
Second Reading Amendment L.066 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/1D80B931BB0F5F7287258996008388B4/HB1190_L.066.pdf
Second Reading Amendment L.047 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/3EA7CAC859D09A568725899300665F9F/HB1190_L.047.pdf
Second Reading Amendment L.046 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/9866B65A826705A58725899600837596/HB1190_L.046.pdf
Second Reading Amendment L.052 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/CDAEB304BDCBFE598725898E00816C04/HB1190_L.052.pdf
Senate Local Government & Housing Amendment L.041 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/F9EBAB9344061805872589870059B8EA/HB1190_L.041.pdf
Senate Local Government & Housing Amendment L.033 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/6959C65FF34F9C97872589870058BFD5/HB1190_L.033.pdf
Senate Local Government & Housing Amendment L.032 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/471983084E654B90872589870058AAAB/HB1190_L.032.pdf
Senate Local Government & Housing Amendment L.043 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/35173C96D556A8CE87258987006A8260/HB1190_L.043.pdf
Senate Local Government & Housing Amendment L.030 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/94D265F545C11E9C8725898700585D74/HB1190_L.030.pdf
Senate Local Government & Housing Amendment L.042 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/3971D834B0EDBBDC87258987005A01B2/HB1190_L.042.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1190_ren.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1190_eng.pdf
Second Reading Amendment L.026 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/811D79C7510313A38725896A00670E3F/HB1190_L.026.pdf
Second Reading Amendment L.027 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/92B22C673E7F33C78725896A00673938/HB1190_L.027.pdf
Second Reading Amendment L.014 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/0EAA8451454B74448725896A0052F131/HB1190_L.014.pdf
Second Reading Amendment L.016 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/5D8A6C2A72B727B68725896A00546B46/HB1190_L.016.pdf
Second Reading Amendment L.022 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/2734EC4B6BFE2B2B8725896A00607E30/HB1190_L.022.pdf
Second Reading Amendment L.015 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/0FD5DEFCB71B444B8725896A005BD2A9/HB1190_L.015.pdf
Second Reading Amendment L.013 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/308294B6201553958725896A0059933F/HB1190_L.013.pdf
House Transportation, Housing & Local Government Amendment L.010 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/AC6C4EF211D5241987258964005D9994/HB1190_L.010.pdf
House Transportation, Housing & Local Government Amendment L.012 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/833BC6BC59F592C787258964005E0A44/HB1190_L.012.pdf
House Transportation, Housing & Local Government Amendment L.011 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/D59A00FE29AF413587258964005DDEE6/HB1190_L.011.pdf
House Transportation, Housing & Local Government Amendment L.005 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/B68CB3461529C53687258964005DA374/HB1190_L.005.pdf
House Transportation, Housing & Local Government Amendment L.004 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/E64DA947356AF96F8725896400601EAC/HB1190_L.004.pdf
House Transportation, Housing & Local Government Amendment L.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/9BC86B8865520B9F87258964005C974D/HB1190_L.001.pdf
House Transportation, Housing & Local Government Amendment L.002 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2023A/amendments/AAC51770C5A74E5B87258964005FE26E/HB1190_L.002.pdf
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2023A/bills/fn/2023a_hb1190_00.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1190_01.pdf
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