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HB 23-1304 CO
Became Law

Proposition 123 Affordable Housing Programs

CO · session 2023A · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Apr 20, 2023

Latest action (Jun 5, 2023) Introduced In House - Assigned to Transportation, Housing & Local Government

Summary

The act modifies the affordable housing programs (programs) created by Proposition 123, which was approved by voters at the 2022 statewide election, by: Allowing tribal governments to participate in the programs; Requiring the division of local government, rather than the division of housing, to administer the land planning capacity development program; Allowing the office of economic development (office) to use a portion of the money in the affordable housing financing fund (financing fund) for its administrative expenses, without increasing the total amount of money from the fund that may be used for administrative expenses; Modifying the calculation for determining eligibility for some of the programs; Clarifying the description of how money is transferred or allocated; Specifying certain units to be included for purposes of the 3% growth obligation that is a condition for funding for local and tribal governments; Establishing a process for rural resort communities to petition the division of housing to use alternative percentages of area median income for eligibility for certain affordable housing programs for a given funding cycle; Exempting money that was originally from the federal coronavirus state fiscal recovery fund from the appropriations for fiscal year 2022-23 used to determine the state's maintenance of effort requirement for other affordable housing funding; and Requiring the office and the division of housing to provide 3 annual reports to legislative committees about the affordable housing programs. APPROVED by Governor June 5, 2023 EFFECTIVE June 5, 2023 (Note: This summary applies to this bill as enacted.)

Sponsors (4)

Action history (15)

  1. Jun 5, 2023 Governor Signed · executive
  2. May 22, 2023 Sent to the Governor · executive
  3. May 22, 2023 Signed by the President of the Senate · upper
  4. May 22, 2023 Signed by the Speaker of the House · lower
  5. May 8, 2023 House Considered Senate Amendments - Result was to Concur - Repass · lower
  6. May 5, 2023 House Considered Senate Amendments - Result was to Laid Over Daily · lower
  7. May 4, 2023 Senate Third Reading Passed - No Amendments · upper
  8. May 3, 2023 Senate Second Reading Special Order - Passed with Amendments - Committee, Floor · upper
  9. May 2, 2023 Senate Committee on Local Government & Housing Refer Amended to Senate Committee of the Whole · upper
  10. May 1, 2023 Introduced In Senate - Assigned to Local Government & Housing · upper
  11. Apr 29, 2023 House Third Reading Passed - No Amendments · lower
  12. Apr 27, 2023 House Third Reading Laid Over Daily - No Amendments · lower
  13. Apr 26, 2023 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
  14. Apr 25, 2023 House Committee on Transportation, Housing & Local Government Refer Amended to House Committee of the Whole · lower
  15. Apr 20, 2023 Introduced In House - Assigned to Transportation, Housing & Local Government · lower

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