public policy

The General Election held on November 5 decided several measures related to housing and economic development.

The Senate is preparing to vote on a critical tax bill that would expand and enhance affordable housing tax credits and bonds.

The Rent Reporting for Credit Pilot Program, which CHFA has administered since October 2021, concluded on April 1, 2024. This program, created by the Colorado General Assembly, aimed to help renters build credit by reporting timely rent payments to consumer reporting agencies.

This week the Colorado General Assembly passed two key bills that will strengthen affordable housing investment in Colorado starting in 2024 and continuing through 2031.

CHFA is glad to report that HB24-1434 and HB24-1316, which propose increased and new tax credit resources for affordable and middle-income housing, advanced in the legislature this week.

CHFA is asking our community to reach out to members of Colorado’s House Appropriations Committee today to urge their support for HB24-1434 that expands and strengthens the state Affordable Housing Tax Credit (AHTC).

CHFA joined by a broad-based coalition of housing, community, and business advocates support HB24-1434 to expand the state Affordable Housing Tax Credit (AHTC) and requests your help to ensure this important bill advances in the legislature.

CHFA is pleased to report that HB24-1434, which proposes to expand and strengthen the state affordable housing tax credit (AHTC), passed out of the House Finance Committee on Thursday unanimously with bipartisan support!

On March 11th, President Biden released his Fiscal Year 2025 budget requests, which included the following resources for affordable housing and economic development.

On Monday, the much-anticipated legislation to expand the state Affordable Housing Tax Credit (AHTC) was introduced in the Colorado General Assembly.

CHFA supports proposed legislation in the 2024 legislative session that would expand the state Affordable Housing Tax Credit (AHTC) and requests your help to ensure this critical piece of legislation is introduced.

Building on the previous success of the state Affordable Housing Tax Credit, MIHTC will leverage private sector investment to support the development and preservation of housing for households earning between 80% to 120% of Area Median Income (AMI), or up to 140% AMI in rural resort counties.

Since renewed by the Colorado General Assembly in 2014, the state credit has supported the development or preservation of 10,782 affordable rental housing units by helping leverage over $1.7 billion of private sector investment to help meet Colorado’s affordable housing need.

Your outreach has made a difference in advancing this critical piece of legislation! The overwhelming support for the bill (357 votes in favor) proves that housing affordability is a priority for congressional leaders.

Please contact your Congressional representatives today and urge their support for H.R. 7024. Below is a list of Colorado Congressional members and their contact information. Please reach out to your Representative and two Senators.

The bill passed through the House Ways and Means Committee on Friday with a strong bipartisan vote of 40-3. This is a key step in advancing the legislation. Your advocacy is making a difference in prioritizing affordable housing in the tax bill!

Now is a critical time to encourage Congress to support housing affordability and ask tax committee leadership to include provisions from the Affordable Housing Credit Improvement Act (AHCIA) in upcoming tax legislation.

On Thursday, May 11, 2023, the Affordable Housing Credit Improvement Act (AHCIA; S. 1557 and H.R. 3238) was reintroduced in Congress with bipartisan support.

The November 2022 election resulted in several new and expanded resources to support affordable housing in Colorado. Most notably, voters passed Proposition 123 which creates a permanent and dedicated statewide fund for affordable housing.