summary
Introduced
02/14/2024
02/14/2024
In Committee
05/02/2024
05/02/2024
Crossed Over
05/29/2024
05/29/2024
Passed
05/29/2024
05/29/2024
Dead
Signed/Enacted/Adopted
05/31/2024
05/31/2024
Introduced Session
2024 Regular Session
Bill Summary
CONCERNING PROVISIONS TO FACILITATE THE EFFECTIVE IMPLEMENTATION OF PROGRAMS FOR AFFORDABLE HOUSING, AND, IN CONNECTION THEREWITH, ADDING ANNUAL REPORTING REQUIREMENTS BY THE DIVISION OF HOUSING CONCERNING APPLICATIONS FOR AFFORDABLE HOUSING PROGRAMS AND MONEY IN AND ISSUED FROM THE HOUSING DEVELOPMENT GRANT FUND; CREATING A PROCESS FOR REVIEWING AND APPROVING APPLICATIONS FOR ALL AFFORDABLE HOUSING PROGRAMS BY THE DIVISION OF HOUSING; MAKING MODIFICATIONS TO THE "CITY HOUSING LAW" TO ALLOW A CITY TO OWN OR LEASE AND MANAGE, OPERATE, OR MAINTAIN, OR CONTRACT FOR MANAGEMENT, OPERATION, OR MAINTENANCE OF HOUSING PROJECTS; AND SPECIFYING THE REQUIREMENTS FOR AN APPLICATION AND ANNUAL REPORTS FOR PURPOSES OF A PROPERTY TAX EXEMPTION FOR A ________ COMMUNITY LAND TRUST OR NONPROFIT AFFORDABLE HOMEOWNERSHIP DEVELOPER FOR PROPERTY THAT HAS BEEN SUBDIVIDED.
AI Summary
This bill aims to facilitate the effective implementation of affordable housing programs in Colorado. It includes several key provisions:
1. It adds requirements for the Division of Housing to optimize the outcomes of affordable housing programs, such as maximizing housing stability, financial sustainability, and preservation of affordable housing stock. It also requires the Division to focus on addressing housing needs across the state and serving populations with the greatest unmet need.
2. It mandates annual public reporting by the Division on affordable housing funding, including details on applications received, approved, and denied for various programs, as well as information about the Housing Development Grant Fund, such as its revenue sources, encumbered and unencumbered funds, and contract execution timelines.
3. It creates a process for the Division to review and approve applications for all affordable housing programs in a streamlined and transparent manner, with the goal of reducing administrative barriers and supporting the financial sustainability of affordable housing providers.
4. It makes modifications to the "City Housing Law" to allow cities to own, lease, manage, operate, or maintain housing projects, which could facilitate the development and preservation of affordable housing.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (52)
Lisa Frizell (R)*,
Julie Gonzales (D)*,
William Lindstedt (D)*,
Judy Amabile (D),
Jennifer Bacon (D),
Shannon Bird (D),
Andrew Boesenecker (D),
Jeff Bridges (D),
Kyle Brown (D),
Janet Buckner (D),
Chad Clifford (D),
James Coleman (D),
Lisa Cutter (D),
Lindsey Daugherty (D),
Monica Duran (D),
Elisabeth Epps (D),
Tony Exum (D),
Meg Froelich (D),
Lorena García (D),
Eliza Hamrick (D),
Tim Hernández (D),
Sonya Jaquez Lewis (D),
Iman Jodeh (D),
Junie Joseph (D),
Cathy Kipp (D),
Chris Kolker (D),
Sheila Lieder (D),
Mandy Lindsay (D),
Meghan Lukens (D),
Javier Mabrey (D),
Bob Marshall (D),
Julia Marvin (D),
Julie McCluskie (D),
Karen McCormick (D),
Dafna Michaelson Jenet (D),
Kyle Mullica (D),
David Ortiz (D),
Jennifer Parenti (D),
Kevin Priola (D),
Dylan Roberts (D),
Manny Rutinel (D),
Emily Sirota (D),
Marc Snyder (D),
Tammy Story (D),
Brianna Titone (D),
Alex Valdez (D),
Elizabeth Velasco (D),
Stephanie Vigil (D),
Jenny Willford (D),
Faith Winter (D),
Steven Woodrow (D),
Mary Young (D),
Last Action
Governor Signed (on 05/31/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...