Bill > SB053

This bill, titled the "Colorado Champions Home Loan Program," expands eligibility for mortgages offered by the Colorado Housing and Finance Authority (CHFA) to include "first responders," defined as peace officers, firefighters, or emergency medical technicians working in Colorado. The bill also clarifies definitions for "governing body," "government," and "home improvement loan," with the latter specifically excluding loans for pools or hot tubs not directly improving the housing facility. Importantly, families of these first responders can qualify for CHFA mortgages if their income does not exceed 110% of the income limits established by the CHFA for low- or moderate-income families, providing a new avenue for homeownership for these essential public servants.