Colorado HB1360 establishes an Affordable Housing Financing Fund to support affordable housing projects.
Colorado HB1360 creates an Affordable Housing Financing Fund to support affordable housing projects. The fund will receive $130 million from the state affordable housing fund. The fund will finance three programs: a land banking program, an affordable housing equity program, and a concessionary debt program. The fund will prioritize projects that achieve high-density housing, mixed-income housing, and environmental sustainability. The fund will also ensure that projects have a designated imputed income limit and a gross rent limit.
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