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.

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.