May 3, 2019
Denver, CO – The Colorado State Senate today voted 23-to-12 to pass HB19-1322, Expand Supply Affordable Housing, a bipartisan bill sponsored by Senator Dominick Moreno (D-Commerce City) to increase affordable housing options in the state. The bill now heads to Governor Polis for his signature.
“Colorado’s affordable housing crisis has gotten out of hand,” said Senator Moreno. “This bill will help provide much-needed funding to expand affordable housing options across Colorado, ensuring that Colorado families aren’t priced out of the communities they call home.”
HB19-1322 will transfer $30 million over the next three years to the housing development grant fund in order to improve funding for affordable housing options across the state. The transfer will also encourage employment, as the division of housing in the department of local affairs may use a portion of transferred funds to hire and pay new employees.
For more information on HB19-1322, please visit https://leg.colorado.gov/bills/hb19-1322.