SB 25-006 CO

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Became Law

The act authorizes the state treasurer to invest up to $50 million of state money in bonds, which may have below-market interest rates, that are issued by a quasi-governmental authority to create or finance new affordable, income-restricted for-sale housing that would not be made available at similar rates and terms without the state's investment. The housing must remain affordable long-term and be available to borrowers earning no more than 140% of the statewide area median income. The bonds may have a term of up to 45 years and must have at least 2 credit ratings at or above A- or A3 or its equivalent from nationally recognized rating organizations. Money from principal proceeds of such bonds must be reinvested by the state treasurer for the same purpose once the state treasurer has received repayment of 50% of the principal amount invested. The quasi-governmental authority issuing the bonds shall provide an annual report to the treasurer and the general assembly that includes specified information about the affordable housing created with bond proceeds. (Note: This summary applies to this bill as enacted.)

• Dylan Roberts Democratic · primary
• Manny Rutinel Democratic · primary
• Mary Bradfield Republican · primary

1. May 15, 2025 Governor Signed · executive
2. Apr 29, 2025 Sent to the Governor · executive
3. Apr 29, 2025 Signed by the Speaker of the House · lower
4. Apr 29, 2025 Signed by the President of the Senate · upper
5. Apr 16, 2025 Senate Considered House Amendments - Result was to Concur - Repass · upper
6. Apr 11, 2025 House Third Reading Passed - No Amendments · lower
7. Apr 6, 2025 House Third Reading Laid Over Daily - No Amendments · lower
8. Apr 4, 2025 House Third Reading Laid Over to 04/06/2025 - No Amendments · lower
9. Apr 3, 2025 House Second Reading Special Order - Passed with Amendments - Committee · lower
10. Mar 27, 2025 House Second Reading Laid Over Daily - No Amendments · lower
11. Mar 24, 2025 House Committee on Finance Refer Amended to House Committee of the Whole · lower
12. Mar 4, 2025 House Committee on Transportation, Housing & Local Government Refer Unamended to Finance · lower
13. Feb 6, 2025 Introduced In House - Assigned to Transportation, Housing & Local Government · lower
14. Feb 5, 2025 Senate Third Reading Passed - No Amendments · upper
15. Feb 4, 2025 Senate Second Reading Passed with Amendments - Floor · upper
16. Jan 30, 2025 Senate Committee on Local Government & Housing Refer Amended to Senate Committee of the Whole · upper
17. Jan 8, 2025 Introduced In Senate - Assigned to Local Government & Housing · upper