Denver Metro Chamber Of Commerce: Affordable Housing And Taxes On Initial List Of Bills For Business Community

Press release from Denver Metro Chamber of Commerce:

cameron.ochse@denverchamber.org

January 21, 2022

As we heard at the Business Legislative Preview Breakfast on Jan. 10, legislators say they are focused on making Colorado more affordable this session. House Bill 1051 would extend and put more weight behind the affordable housing tax credit, formerly known as the low-income housing tax credit, which has helped developers build affordable housing in Colorado for years. Under the program, the Colorado Housing and Finance Authority may allocate income taxes of as much as $10 million through 2024. This bipartisan legislation, brought forward by Rep. Shannon Bird (D-Westminster), House Minority Leader Hugh McKean (R-Loveland), Sen. Rachel Zenzinger (D-Aurora) and Sen. Dennis Hisey (R-Fountain), would increase the allocation to $15 million and extend the program through 2034. 

Business Legislative Preview Breakfast on Jan. 10 House Bill 1051 Prosper CO House Bill 1026 House Bill 1027 House Bill 1039 Senate Bill 006 House Bill 1018 current legislation page Public Affairs team

This press release was produced by the Denver Metro Chamber of Commerce. The views expressed here are the author’s own.