Bill Sponsor
Colorado Senate Bill 232
Session 2022A
Creation Of Colorado Workforce Housing Trust Authority
Became Law
Became Law
Signed by Governor on Jun 3, 2022
Sponsors
Democrat
Jeff Bridges
Democrat
Dominick Moreno
Democrat
Leslie Herod
Democrat
Tracey Bernett
First Action
Apr 26, 2022
Latest Action
Jun 3, 2022
Origin Chamber
Senate
Type
Bill
Bill Number
232
State
Colorado
Session
2022A
Sponsorship by Party
Democrat
Primary
Democrat
Primary
Democrat
Primary
Democrat
Primary
Summary
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.)
Actions (14)
06/03/2022
Office of the Governor
Governor Signed
05/25/2022
Office of the Governor
Sent to the Governor
05/25/2022
House
Signed by the Speaker of the House
05/25/2022
Senate
Signed by the President of the Senate
05/11/2022
Senate
Senate Considered House Amendments - Result was to Concur - Repass
05/11/2022
House
House Third Reading Passed with Amendments - Floor
05/10/2022
House
House Second Reading Special Order - Passed with Amendments - Committee, Floor
05/10/2022
House
House Committee on Appropriations Refer Amended to House Committee of the Whole
05/10/2022
House
Introduced In House - Assigned to Appropriations
05/06/2022
Senate
Senate Third Reading Passed with Amendments - Floor
05/05/2022
Senate
Senate Second Reading Special Order - Passed with Amendments - Committee, Floor
05/05/2022
Senate
Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
05/03/2022
Senate
Senate Committee on State, Veterans, & Military Affairs Refer Amended to Appropriations
04/26/2022
Senate
Introduced In Senate - Assigned to State, Veterans, & Military Affairs
Sources
Record Created
Apr 27, 2022 7:03:11 AM
Record Updated
Sep 8, 2022 8:48:44 AM