Tackling the Real Problem: Affordable Housing

(May 1) – A three-bill package coordinated by Rep. Max Tyler to ease the state’s affordable housing crunch won House approval today.

“The scarcity of affordable housing has received much attention in the General Assembly this session, and these three bills actually do something about it,” said Rep. Tyler, D-Lakewood. “By making a home affordable to more Coloradans, these bills will expand the middle class larger and enhance their security.”

HB15-1383, sponsored by Reps. Tyler and KC Becker, D-Boulder, extends the Colorado Housing and Finance Authority’s low-income housing tax credit program, which will promote the construction of thousands of units of low-income rental housing.

Also passing on voice vote was HB15-1385, with Rep. Tracy Kraft-Tharp, D-Arvada, establishing an inspection program in the Division of Housing to certify construction quality. The program is envisioned as a gold-silver-bronze rating system, with insurance rates reduced correspondingly and the savings passed on to home buyers.

Earlier, the House gave final approval to HB15-1384, sponsored by Reps. Tyler and Daneya Esgar, D-Pueblo, allowing the state to tap its unclaimed property trust fund for up to $25 million for affordable housing grants. The party-line vote was 33-31.

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