This bill establishes the “Transit Investment Area Act” to create a framework for local governments and transit agencies to undertake transit investment projects. It also introduces the “Colorado Affordable Housing in Transit Investment Zones Tax Credit” which provides tax credits for low- and middle-income housing projects in these designated zones, with a limit of $50 million in credits awarded annually from 2027-2033. CUT unanimously voted no on this bill. This bill will put RTD in bed with developers to increase ridership. It will take money from the general fund and hand it out to local towns and cities for public transit and subsidized multi-home housing. CUT objects to the use of the Safety Clause.
