Affordable Housing Package Moves Forward

(April 29) – A three-bill package sponsored by Rep. Max Tyler to ease the state’s affordable housing crunch won committee approval today.

“The scarcity of affordable housing is one of Colorado’s most pressing problems, and it’s a major obstacle to our goal of growing and strengthening the middle class,” said Rep. Tyler, D-Lakewood. “Unlike other narrowly focused approaches, these three bills tackle the problem head-on.”

The three bills, all sponsored by Rep. Tyler, are:

· HB15-1383, sponsored with Rep. KC Becker, D-Boulder, extending the Colorado Housing and Finance Authority’s low-income housing tax credit program. That bill passed State Affairs 7-4, and Finance Committee 8-3.
· HB15-1384, with Rep. Daneya Esgar, D-Pueblo, allowing the state to tap its unclaimed property fund for up to $25 million for affordable housing grants. That bill passed State Affairs 6-5.
· HB15-1385, with Rep. Tracy Kraft-Tharp, D-Arvada, establishing an inspection program in the Division of Housing to certify construction quality and help quality developers to obtain reduced insurance rates. That bill passed the State Affairs Committee 6-5, and Finance Committee 6-5.

HB15-1383 and HB15-1385 are now on their way to the Appropriations Committee. The next stop for HB15-1384 is the House floor.

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