ColoradoInvestment Authority of State Treasurer for Affordable Housing
What it does
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.
More detail
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.)
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- May 15Governor Jared Polis SignedBecame Law
- Apr 29Signed by the President of the Senate
- Apr 29Signed by the Speaker of the House
- Apr 29Sent to the GovernorTo Governor
- Apr 16Senate Considered House Amendments - Result was to Concur - Repass
- Vote recorded REPASS. Result: pass.Upper
- Vote recorded CONCUR. Result: pass.Upper
- Apr 11House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Apr 6House Third Reading Laid Over Daily - No Amendments
- Apr 4House Third Reading Laid Over to 04/06/2025 - No Amendments
- Apr 3House Second Reading Special Order - Passed with Amendments - Committee
- Mar 27House Second Reading Laid Over Daily - No Amendments
- Mar 24House Committee on Finance Refer Amended to House Committee of the WholeMinor
- Mar 4House Committee on Transportation, Housing & Local Government Refer Unamended to FinanceMinor
- Feb 6Introduced In House - Assigned to Transportation, Housing & Local GovernmentMinor
- Feb 5Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- Vote recorded RECONSIDERATION. Result: pass.Upper
- Feb 4Senate Second Reading Passed with Amendments - FloorMinor
- Jan 30Senate Committee on Local Government & Housing Refer Amended to Senate Committee of the WholeMinor
- Jan 8Introduced In Senate - Assigned to Local Government & HousingIntroduced