SB 22-232

  • Colorado Senate Bill
  • 2022 Regular Session
  • Introduced in Senate May 10, 2022
  • Passed Senate May 06, 2022
  • Passed House May 11, 2022
  • Signed by Governor Jun 03, 2022

Creation Of Colorado Workforce Housing Trust Authority

Abstract

The act creates the middle-income housing authority (authority) for the purpose of acquiring, constructing, rehabilitating, owning, operating, and financing affordable rental housing projects for middle-income workforce housing. The authority is governed by a board of directors composed of appointees by the governor with the consent of the senate. The bill specifies requirements governing the appointment of board members and other administrative details. The board must solicit project proposals by October 1, 2022. Rental units in affordable rental housing projects must provide middle-income workforce housing with stable rents. The authority is a "public entity" and is a "special purpose authority" for the purpose of TABOR. The authority is authorized to exercise the powers necessary to acquire, construct, rehabilitate, own, operate, and finance affordable rental housing projects, including but not limited to: The power to issue bonds in connection with its affordable rental housing projects payable solely from revenues from affordable rental housing projects and with no recourse to the state; The power to enter into public-private partnerships and to contract with experienced real estate professionals to develop and operate affordable rental housing projects; The power to employ its own personnel or contract with public or private entities, or both, for services necessary or convenient to the conduct of all of the authority's activities; To provide assistance to tenants in its rental housing to enable a transition to home ownership; and To establish one or more controlled entities to carry out its activities.(Note: This summary applies to this bill as enacted.)

Bill Sponsors (4)

Votes


Actions


Jun 03, 2022

Office of the Governor

Governor Signed

May 25, 2022

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

May 11, 2022

Senate

Senate Considered House Amendments - Result was to Concur - Repass

House

House Third Reading Passed with Amendments - Floor

May 10, 2022

House

House Second Reading Special Order - Passed with Amendments - Committee, Floor

House

House Committee on Appropriations Refer Amended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Appropriations

House

Introduced In House - Assigned to Appropriations

  • Introduction
Appropriations

May 06, 2022

Senate

Senate Third Reading Passed with Amendments - Floor

May 05, 2022

Senate

Senate Second Reading Special Order - Passed with Amendments - Committee, Floor

Senate

Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Senate Committee of the Whole Appropriations

May 03, 2022

Senate

Senate Committee on State, Veterans, & Military Affairs Refer Amended to Appropriations

  • Referral-Committee
Appropriations State, Veterans, & Military Affairs

Apr 26, 2022

Senate

Introduced In Senate - Assigned to State, Veterans, & Military Affairs

  • Introduction
State, Veterans, & Military Affairs

Bill Text

Bill Text Versions Format
Signed Act (06/03/2022) PDF
Final Act (05/25/2022) PDF
Rerevised (05/11/2022) PDF
Revised (05/10/2022) PDF
Reengrossed (05/06/2022) PDF
Engrossed (05/05/2022) PDF
Introduced (04/26/2022) PDF
PA3 (05/10/2022) PDF
PA2 (05/05/2022) PDF
PA1 (05/04/2022) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (05/09/2022) PDF
Fiscal Note SA2 (05/10/2022) PDF
Fiscal Note FN1 (04/29/2022) PDF
Fiscal Note FN2 (05/06/2022) PDF
Fiscal Note FN3 (05/10/2022) PDF
Fiscal Note FN4 (09/07/2022) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.