Adjusts eligibility requirements for local and tribal governments to receive funding from Colorado’s statewide affordable housing fund tied to proposition 123. It replaces the current mandate of a fixed 3% annual increase in affordable housing units (over a 3-year cycle) with a flexible target increase number based on recent local housing permit issuance and county job growth rates (multipliers of 0.10-0.20). The bill also adds provisions for waivers (good faith or adjustment), bonus credits for certain unit types (e.g., donated land, for-sale units, very low-income), and allows regional partnership credits. The CUT board is unanimous in opposing this bill as it considers this legislation the improper role of government (to fund housing). The details are very complicated and poorly written and may even be intended to favor certain contractors. It also actually discriminates between different people-groups; taking money from one group and forcibly giving it to another. This topic is not of immediate concern for peace, health or safety, so the Safety Clause should not be attached.
