HB 23-1304 - Amends Various Affordable Housing Rules and Regulations - Colorado Key Vote

Stage Details

Title: Amends Various Affordable Housing Rules and Regulations

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Title: Amends Various Affordable Housing Rules and Regulations

Vote Smart's Synopsis:

Vote to concur with senate amendments and pass a bill that amends various affordable housing rules and regulations in the state.

Highlights:

  • Defines terms related to tribal governments (Sec. 1). 

  • Defines what “Affordable Housing is (Sec. 1). 

  • Specifies that affordable housing may not exceed 90% of the area median income in terms of cost for it to qualify as affordable housing (Sec. 1). 

  • Appropriates resources for local, tribal, and municipality based affordable housing programs that assist with the payment of the mortgage principal, property taxes, HOA fees, and other potential costs (Sec. 3). 

  • Alleges that the state legislature considers lack of affordable housing to be a vital issue and will make appropriate policy toward that matter (Sec. 5). 

  • Specifies that the state income tax funding that is meant for affordable housing shall be open to all communities (Sec. 5). 

  • Establishes a petition process by which rural counties can easily acquire funding (Sec. 5). 

See How Your Politicians Voted

Title: Amends Various Affordable Housing Rules and Regulations

Vote Smart's Synopsis:

Vote to amend and pass a bill that amends various affordable housing rules and regulations in the state.

Highlights:

  • Defines terms related to tribal governments (Sec. 1). 

  • Defines what “Affordable Housing is (Sec. 1). 

  • Specifies that affordable housing may not exceed 90% of the area median income in terms of cost for it to qualify as affordable housing (Sec. 1). 

  • Appropriates resources for local, tribal, and municipality based affordable housing programs that assist with the payment of the mortgage principal, property taxes, HOA fees, and other potential costs (Sec. 3). 

  • Alleges that the state legislature considers lack of affordable housing to be a vital issue and will make appropriate policy toward that matter (Sec. 5). 

  • Specifies that the state income tax funding that is meant for affordable housing shall be open to all communities (Sec. 5). 

  • Establishes a petition process by which rural counties can easily acquire funding (Sec. 5). 

Title: Amends Various Affordable Housing Rules and Regulations

Title: Amends Various Affordable Housing Rules and Regulations

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