All Roll Calls
Yes: 274 • No: 48
ColoradoSB26-0402026 Regular SessionSenateWALLET
Affordable Home Ownership Program
Sponsored By: Cleave Simpson (Republican), Judy Amabile (Democratic), Katie Stewart (Democratic), Lesley Smith (Democratic)
Signed by Governor
Housing
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Bill Overview
Analyzed Economic Effects
7 provisions identified: 6 benefits, 0 costs, 1 mixed.
Broader income options for homebuyer help
Beginning July 1, 2026, homeownership assistance can serve households earning up to 120% of local or statewide area median income. The income measure uses annual federal housing figures for the applicable household size and stays fixed throughout the assistance agreement. The program offers down-payment help and related support, with priority for first-time and first-generation buyers. Monthly housing costs generally cannot exceed 35% of household income, including mortgage payments, taxes, insurance, homeowners association fees, land leases, and metropolitan district fees. Grants and loans support nonprofits, local and tribal governments, community development financial institutions, and community land trusts. Mobile-home owner groups can also get park-purchase support for households within the 120% income limit and the same housing-cost cap.
Fewer barriers to homeowner repair help
Beginning July 1, 2026, monthly housing-payment costs are not considered when homeowners receive assistance for home rehabilitation. This removes the monthly housing-cost limit as a barrier to that repair assistance.
Rental options for funded affordable homes
Beginning July 1, 2026, the Division of Housing can rent or allow rentals of homes built through funded homeownership projects. Eligible organizations can ask the Division for rental permission. Homeowners can rent funded units only while keeping them as their primary residence. By December 31, 2026, the Division must issue rental guidance and create a process to return rented units to sale.
Colorado creates an affordable housing fund
Beginning July 1, 2026, Colorado creates the Affordable Housing Support Fund, with ongoing spending authority for designated state housing programs. Unspent money and investment earnings stay in the fund, and program loan repayments remain available for program use. Up to 50% of annual Support Fund transfers can support affordable home ownership; the Division of Housing sets allocations within that program. The State Architect can select an outside administrator through a public process for renewable contracts lasting up to five years. Combined administrator and State Architect costs cannot exceed 2% of the administrator's annual program receipts; Division of Housing administration is capped at 5%.
Local rules can protect affordable homes
Beginning July 1, 2026, the Division must accept qualifying local affordability rules instead of a state housing covenant. Examples include deed restrictions, community land trust leases, and secured liens that recover assistance. Local rules must let the state meet its compliance and monitoring duties. They must offer equivalent or stronger long-term affordability and primary-residence protections, or be necessary for financing in a disproportionately impacted community. A state covenant can still cover federal or state requirements missing from the local rules.
More land for affordable homes
Beginning July 1, 2026, land banking provides land-purchase grants to local and tribal governments and loans to qualifying nonprofits. The administrator can allocate 15%–25% of annual financing-fund transfers to this program; mixed-use projects qualify when affordable housing is the main use. Supported for-sale homes must be affordable to households earning up to 120% of area median income, raised from 100%. Rental homes have an assigned income limit no higher than 60% of area median income, with regulated rents capped at 30% of that assigned income. Loans are forgiven when land is zoned with an active development plan within five years and development is permitted and funded within ten years. Otherwise, repayment with interest is due as soon as practical, within six months after the missed deadline, unless extended. Undeveloped land can be repurposed after repayment or transferred for development with administrator approval; repayments return to the program.
Homebuyer exceptions can allow higher costs
Beginning July 1, 2026, eligible organizations can request exceptions to the 35% housing-cost cap for funded homes still unsold six months after occupancy approval. Approval requires substantial housing need and at least six months of adequate marketing after completion without an eligible buyer purchasing. The Division can set another cost limit when it better serves community needs, keeps the project financially workable, and has eligible buyers; it can also adjust funding for higher sale prices. It can instead approve an organization's own exception process for income or housing-cost limits, without requiring six months of marketing. These exceptions can expand buyer access but allow higher monthly housing costs; the rules apply to waiver requests received on or after July 1, 2026.
Sponsors & Cosponsors
Sponsors
Cleave Simpson
Republican • Senate
Judy Amabile
Democratic • Senate
Katie Stewart
Democratic • House
Lesley Smith
Democratic • House
Cosponsors
Andrew Boesenecker
Democratic • House
Amy Paschal
Democratic • House
Chad Clifford
Democratic • House
Gretchen Rydin
Democratic • House
Jennifer Bacon
Democratic • House
Jamie Jackson
Democratic • House
Junie Joseph
Democratic • House
Julie McCluskie
Democratic • House
Jacque Phillips
Democratic • House
Kyle Brown
Democratic • House
Karen McCormick
Democratic • House
Kenny Nguyen
Democratic • House
Michael Carter
Democratic • House
Monica Duran
Democratic • House
Meg Froelich
Democratic • House
Mandy Lindsay
Democratic • House
Meghan Lukens
Democratic • House
Manny Rutinel
Democratic • House
Naquetta Ricks
Democratic • House
Regina English
Democratic • House
Rebekah Stewart
Democratic • House
Sheila Lieder
Democratic • House
Sen. A. Benavidez
Affiliation unavailable
Barbara Kirkmeyer
Republican • Senate
Cathy Kipp
Democratic • Senate
Chris Kolker
Democratic • Senate
Dylan Roberts
Democratic • Senate
Iman Jodeh
Democratic • Senate
Jeff Bridges
Democratic • Senate
James Coleman
Democratic • Senate
Julie Gonzales
Democratic • Senate
Janice Marchman
Democratic • Senate
Kyle Mullica
Democratic • Senate
Katie Wallace
Democratic • Senate
Lisa Cutter
Democratic • Senate
Lindsey Daugherty
Democratic • Senate
Lisa Frizell
Republican • Senate
Matt Ball
Democratic • Senate
Marc Catlin
Republican • Senate
Marc Snyder
Democratic • Senate
Mike Weissman
Democratic • Senate
Rod Pelton
Republican • Senate
Tony Exum
Democratic • Senate
Tom Sullivan
Democratic • Senate
William Lindstedt
Democratic • Senate
Roll Call Votes
Senate vote • 4/23/2026
House amendments: Repass
Yes: 33 • No: 1
Senate vote • 4/23/2026
House amendments: Concur
Yes: 34 • No: 0
House vote • 4/21/2026
Third reading: Bill
Yes: 44 • No: 20
House vote • 4/21/2026
Third reading: Amd (l.020)
Yes: 46 • No: 18
House vote • 4/21/2026
Third reading: Perm
Yes: 62 • No: 2
House vote • 4/14/2026
Refer Senate Bill 26-040, as amended, to the Committee of the Whole.
Yes: 10 • No: 3
Senate vote • 3/31/2026
Third reading: Bill
Yes: 33 • No: 2
Senate vote • 2/26/2026
Refer Senate Bill 26-040, as amended, to the Committee of the Whole.
Yes: 6 • No: 1
Senate vote • 2/26/2026
Adopt amendment L.002
Yes: 6 • No: 1
Actions Timeline
Governor Signed
5/6/2026HouseSigned by the President of the Senate
4/27/2026SenateSigned by the Speaker of the House
4/27/2026HouseSent to the Governor
4/27/2026HouseSenate Considered House Amendments - Result was to Concur - Repass
4/23/2026SenateHouse Third Reading Passed with Amendments - Floor
4/21/2026HouseHouse Second Reading Special Order - Passed with Amendments - Committee, Floor
4/20/2026HouseHouse Second Reading Laid Over Daily - No Amendments
4/16/2026HouseHouse Committee on Transportation, Housing & Local Government Refer Amended to House Committee of the Whole
4/14/2026HouseSenate Third Reading Passed - No Amendments
3/31/2026SenateIntroduced In House - Assigned to Transportation, Housing & Local Government
3/31/2026HouseSenate Second Reading Passed with Amendments - Committee, Floor
3/30/2026SenateSenate Second Reading Laid Over to 03/30/2026 - No Amendments
3/27/2026SenateSenate Second Reading Laid Over to 03/27/2026 - No Amendments
3/26/2026SenateSenate Second Reading Laid Over to 03/26/2026 - No Amendments
3/25/2026SenateSenate Second Reading Laid Over to 03/25/2026 - No Amendments
3/24/2026SenateSenate Second Reading Laid Over to 03/24/2026 - No Amendments
3/23/2026SenateSenate Second Reading Laid Over to 03/23/2026 - No Amendments
3/20/2026SenateSenate Second Reading Laid Over to 03/20/2026 - No Amendments
3/19/2026SenateSenate Second Reading Laid Over to 03/19/2026 - No Amendments
3/18/2026SenateSenate Second Reading Laid Over to 03/18/2026 - No Amendments
3/17/2026SenateSenate Second Reading Laid Over to 03/17/2026 - No Amendments
3/16/2026SenateSenate Second Reading Laid Over to 03/16/2026 - No Amendments
3/13/2026SenateSenate Second Reading Laid Over to 03/13/2026 - No Amendments
3/12/2026SenateSenate Second Reading Laid Over to 03/12/2026 - No Amendments
3/11/2026Senate
Bill Text
Engrossed
Final Act
House Transportation, Housing & Local Government Preamend
Introduced
Reengrossed
Rerevised
Revised
Senate Local Government & Housing Preamend
Signed Act
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