Bill > SB167

This bill aims to establish a Community Investment Portfolio within the Public School Fund to benefit Colorado communities, particularly focusing on supporting public school employees and their housing needs. The bill requires the state treasurer to invest at least 20% of the fund's value into community investments by 2032, with a specific focus on the Educator First Home Ownership Program. This program will provide down payment assistance and shared equity options for public school employees, targeting first-time homebuyers and addressing educator housing challenges. The investment strategy includes various allowable investments such as school district bonds, mortgage-backed securities, and loans that prioritize housing for public school employees. The bill mandates that these investments must generate positive, measurable impacts for Colorado school children, families, and communities while also generating financial returns. Key provisions include creating a shared equity down payment assistance program managed by the Colorado Housing and Finance Authority, with specific targets for investment (6% by 2028 and 12% by 2030) and requirements for annual reporting on program outcomes. The legislation emphasizes that these investments comply with prudent investor standards and aim to support the long-term mission of benefiting public schools and their employees.

Budget and Finance, Education

https://leg.colorado.gov/bills/sb25-167