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ColoradoHB26-13602026 Regular SessionHouseWALLET

Affordable Housing Financing Fund

Sponsored By: Barbara Kirkmeyer (Republican), Jeff Bridges (Democratic), Kyle Brown (Democratic), Rick Taggart (Republican)

Signed by Governor

HousingState GovernmentState Revenue & Budget

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 1 benefits, 1 costs, 2 mixed.

Less state money for affordable housing

On June 30, 2026, Colorado transfers $130 million from the state affordable housing fund to the General Fund. This transfer is exempt from the state's constitutional spending limit. On July 1, 40% of the pre-transfer balance goes to the support fund; the financing fund receives the remaining balance. The financing fund receives $130 million less, and lawmakers must also cut 2025-26 housing funding to balance the budget when Legislative Council Staff forecasts show revenue below the constitutional revenue limit. The law sets no amount for that budget cut, and these temporary rules expire July 1, 2027.

Housing fund earnings support housing programs

Interest and investment earnings in Colorado's affordable housing financing fund are available for its authorized housing purposes. The state housing office can spend fund money, including these earnings, without a separate legislative appropriation.

Housing administration faces a spending cap

Beginning July 1, 2026, the state housing office and administrator together face a 2% cap on program administration spending. For 2026-27, the cap uses the transfer amount before subtracting the $130 million diversion. In other specified years, it uses the amount actually transferred to the financing fund. The cap helps preserve program money but limits resources for managing programs. It expires July 1, 2027.

Housing funding shares and loan priorities

The administrator normally must allocate 40% to 70% of annual financing-fund transfers to affordable housing equity investments. Low-cost housing loans must receive 15% to 35%. These ranges reserve money for each program but also cap its share. For 2026-27, the state housing office and administrator must aim to fund all three programs, overriding usual funding percentages. They must prioritize low-cost loans first, equity investments second, and land banking third; this priority rule expires July 1, 2027.

Sponsors & Cosponsors

Sponsors

  • Barbara Kirkmeyer

    Republican • Senate

  • Jeff Bridges

    Democratic • Senate

  • Kyle Brown

    Democratic • House

  • Rick Taggart

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 105 • No: 44

Senate vote • 4/16/2026

Third reading: Bill

Yes: 26 • No: 9

Senate vote • 4/16/2026

Third reading: Bill

Yes: 27 • No: 8

Senate vote • 4/14/2026

Refer House Bill 26-1360 to the Committee of the Whole.

Yes: 5 • No: 2

House vote • 4/11/2026

Third reading: Bill

Yes: 39 • No: 22

House vote • 4/7/2026

Refer House Bill 26-1360 to the Committee of the Whole.

Yes: 8 • No: 3

Actions Timeline

  1. Governor Signed

    5/28/2026House

  2. Signed by the Speaker of the House

    5/26/2026House

  3. Signed by the President of the Senate

    5/26/2026Senate

  4. Sent to the Governor

    5/26/2026House

  5. Senate Third Reading Passed - No Amendments

    4/16/2026Senate

  6. Senate Third Reading Reconsidered - No Amendments

    4/16/2026Senate

  7. Senate Second Reading Special Order - Passed - No Amendments

    4/15/2026Senate

  8. Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

    4/14/2026Senate

  9. Introduced In Senate - Assigned to Appropriations

    4/13/2026Senate

  10. House Third Reading Passed - No Amendments

    4/11/2026House

  11. House Third Reading Laid Over Daily - No Amendments

    4/10/2026House

  12. House Second Reading Special Order - Passed - No Amendments

    4/9/2026House

  13. House Second Reading Special Order - Laid Over Daily - No Amendments

    4/8/2026House

  14. House Committee on Appropriations Refer Unamended to House Committee of the Whole

    4/7/2026House

  15. Introduced In House - Assigned to Appropriations

    4/2/2026House

Bill Text

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