# Colorado SB26-040: Affordable Home Ownership Program Colorado SB26-040, Affordable Home Ownership Program, is a 2026 Regular Session Senate bill sponsored by Cleave Simpson (Republican), Judy Amabile (Democratic), Katie Stewart (Democratic) and 1 others; status signed, last action 2026-05-06 (Governor Signed); PRIA reads it as touching household money (as of 2026-10-16). - Canonical: https://policyrisk.com/state-bill/CO-SB26-040-2026A - As of: 2026-10-16 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Colorado SB26-040 - State: Colorado - Session: 2026 Regular Session - Title: Affordable Home Ownership Program - Status: signed - Chamber: Senate - Introduced: 2026-01-27 - Last action: 2026-05-06, Governor Signed - Sponsors: Cleave Simpson (Republican), Judy Amabile (Democratic), Katie Stewart (Democratic), Lesley Smith (Democratic) - Cosponsors: 45 - Subjects: Housing - Touches household money: yes - Roll calls: 9 (274 yes, 48 no in all) - Economic provisions PRIA read: 7 ## Summary No summary available. ## Bill overview: provisions PRIA read - Broader income options for homebuyer help: benefit, medium. 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-pa… - Fewer barriers to homeowner repair help: benefit, low. 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: benefit, low. 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, 202… - Colorado creates an affordable housing fund: benefit, low. 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… - Local rules can protect affordable homes: benefit, low. 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 du… - More land for affordable homes: benefit, low. 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. Suppo… - Homebuyer exceptions can allow higher costs: mixed, low. 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 pu… ## Sponsors and cosponsors - Sponsor: Cleave Simpson (Republican), Senate - Sponsor: Judy Amabile (Democratic), Senate - Sponsor: Katie Stewart (Democratic), House - Sponsor: Lesley Smith (Democratic), House - Cosponsor: Andrew Boesenecker (Democratic), House - Cosponsor: Amy Paschal (Democratic), House - Cosponsor: Chad Clifford (Democratic), House - Cosponsor: Gretchen Rydin (Democratic), House - Cosponsor: Jennifer Bacon (Democratic), House - Cosponsor: Jamie Jackson (Democratic), House - Cosponsor: Junie Joseph (Democratic), House - Cosponsor: Julie McCluskie (Democratic), House - Cosponsor: Jacque Phillips (Democratic), House - Cosponsor: Kyle Brown (Democratic), House - Cosponsor: Karen McCormick (Democratic), House - Cosponsor: Kenny Nguyen (Democratic), House - Cosponsor: Michael Carter (Democratic), House - Cosponsor: Monica Duran (Democratic), House - Cosponsor: Meg Froelich (Democratic), House - Cosponsor: Mandy Lindsay (Democratic), House - Cosponsor: Meghan Lukens (Democratic), House - Cosponsor: Manny Rutinel (Democratic), House - Cosponsor: Naquetta Ricks (Democratic), House - Cosponsor: Regina English (Democratic), House - Cosponsor: Rebekah Stewart (Democratic), House - Cosponsor: Sheila Lieder (Democratic), House - Cosponsor: Sen. A. Benavidez - Cosponsor: Barbara Kirkmeyer (Republican), Senate - Cosponsor: Cathy Kipp (Democratic), Senate - Cosponsor: Chris Kolker (Democratic), Senate - Cosponsor: Dylan Roberts (Democratic), Senate - Cosponsor: Iman Jodeh (Democratic), Senate - Cosponsor: Jeff Bridges (Democratic), Senate - Cosponsor: James Coleman (Democratic), Senate - Cosponsor: Julie Gonzales (Democratic), Senate - Cosponsor: Janice Marchman (Democratic), Senate - Cosponsor: Kyle Mullica (Democratic), Senate - Cosponsor: Katie Wallace (Democratic), Senate - Cosponsor: Lisa Cutter (Democratic), Senate - Cosponsor: Lindsey Daugherty (Democratic), Senate - Cosponsor: Lisa Frizell (Republican), Senate - Cosponsor: Matt Ball (Democratic), Senate - Cosponsor: Marc Catlin (Republican), Senate - Cosponsor: Marc Snyder (Democratic), Senate - Cosponsor: Mike Weissman (Democratic), Senate - Cosponsor: Rod Pelton (Republican), Senate - Cosponsor: Tony Exum (Democratic), Senate - Cosponsor: Tom Sullivan (Democratic), Senate - Cosponsor: William Lindstedt (Democratic), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-04-23 | Senate | House amendments: Repass | pass | 33 | 1 | | | 2026-04-23 | Senate | House amendments: Concur | pass | 34 | 0 | | | 2026-04-21 | House | Third reading: Bill | pass | 44 | 20 | | | 2026-04-21 | House | Third reading: Amd (l.020) | pass | 46 | 18 | | | 2026-04-21 | House | Third reading: Perm | pass | 62 | 2 | | | 2026-04-14 | House | Refer Senate Bill 26-040, as amended, to the Committee of the Whole. | pass | 10 | 3 | | | 2026-03-31 | Senate | Third reading: Bill | pass | 33 | 2 | | | 2026-02-26 | Senate | Refer Senate Bill 26-040, as amended, to the Committee of the Whole. | pass | 6 | 1 | | | 2026-02-26 | Senate | Adopt amendment L.002 | pass | 6 | 1 | | ## Actions (33) - 2026-05-06: Governor Signed (House) - 2026-04-27: Signed by the President of the Senate (Senate) - 2026-04-27: Signed by the Speaker of the House (House) - 2026-04-27: Sent to the Governor (House) - 2026-04-23: Senate Considered House Amendments - Result was to Concur - Repass (Senate) - 2026-04-21: House Third Reading Passed with Amendments - Floor (House) - 2026-04-20: House Second Reading Special Order - Passed with Amendments - Committee, Floor (House) - 2026-04-16: House Second Reading Laid Over Daily - No Amendments (House) - 2026-04-14: House Committee on Transportation, Housing & Local Government Refer Amended to House Committee of the Whole (House) - 2026-03-31: Senate Third Reading Passed - No Amendments (Senate) - 2026-03-31: Introduced In House - Assigned to Transportation, Housing & Local Government (House) - 2026-03-30: Senate Second Reading Passed with Amendments - Committee, Floor (Senate) - 2026-03-27: Senate Second Reading Laid Over to 03/30/2026 - No Amendments (Senate) - 2026-03-26: Senate Second Reading Laid Over to 03/27/2026 - No Amendments (Senate) - 2026-03-25: Senate Second Reading Laid Over to 03/26/2026 - No Amendments (Senate) - 2026-03-24: Senate Second Reading Laid Over to 03/25/2026 - No Amendments (Senate) - 2026-03-23: Senate Second Reading Laid Over to 03/24/2026 - No Amendments (Senate) - 2026-03-20: Senate Second Reading Laid Over to 03/23/2026 - No Amendments (Senate) - 2026-03-19: Senate Second Reading Laid Over to 03/20/2026 - No Amendments (Senate) - 2026-03-18: Senate Second Reading Laid Over to 03/19/2026 - No Amendments (Senate) - 2026-03-17: Senate Second Reading Laid Over to 03/18/2026 - No Amendments (Senate) - 2026-03-16: Senate Second Reading Laid Over to 03/17/2026 - No Amendments (Senate) - 2026-03-13: Senate Second Reading Laid Over to 03/16/2026 - No Amendments (Senate) - 2026-03-12: Senate Second Reading Laid Over to 03/13/2026 - No Amendments (Senate) - 2026-03-11: Senate Second Reading Laid Over to 03/12/2026 - No Amendments (Senate) - 2026-03-10: Senate Second Reading Laid Over to 03/11/2026 - No Amendments (Senate) - 2026-03-09: Senate Second Reading Laid Over to 03/10/2026 - No Amendments (Senate) - 2026-03-06: Senate Second Reading Laid Over to 03/09/2026 - No Amendments (Senate) - 2026-03-05: Senate Second Reading Laid Over to 03/06/2026 - No Amendments (Senate) - 2026-03-04: Senate Second Reading Laid Over to 03/05/2026 - No Amendments (Senate) - 2026-03-03: Senate Second Reading Laid Over to 03/04/2026 - No Amendments (Senate) - 2026-02-26: Senate Committee on Local Government & Housing Refer Amended to Senate Committee of the Whole (Senate) - 2026-01-27: Introduced In Senate - Assigned to Local Government & Housing (Senate) ## Bill text - Engrossed: [PDF](https://leg.colorado.gov/bill_files/113857/download) - Final Act: [PDF](https://leg.colorado.gov/bill_files/115256/download) - House Transportation, Housing & Local Government Preamend: [PDF](https://leg.colorado.gov/bill_files/114663/download) - Introduced: [PDF](https://leg.colorado.gov/bill_files/110962/download) - Reengrossed: [PDF](https://leg.colorado.gov/bill_files/113889/download) - Rerevised: [PDF](https://leg.colorado.gov/bill_files/115002/download) - Revised: [PDF](https://leg.colorado.gov/bill_files/114917/download) - Senate Local Government & Housing Preamend: [PDF](https://leg.colorado.gov/bill_files/112684/download) - Signed Act: [PDF](https://leg.colorado.gov/bill_files/116002/download) ## Related bills - HB26-1250: Procedures Related to Civil Asset Forfeiture (signed) - HB26-1298: Background Checks for Child Welfare Placements (signed) - HB26-1414: Medical Record Requests (signed) - SB26-155: Increase Access Homeowner's Insurance Enterprise (signed) - HB26-1429: County Administration Public Assistance Programs (signed) - HB26-1430: Transportation Funding Adjustments (signed) ## Sources - [Engrossed (PDF)](https://leg.colorado.gov/bill_files/113857/download) - [Final Act (PDF)](https://leg.colorado.gov/bill_files/115256/download) - [House Transportation, Housing & Local Government Preamend (PDF)](https://leg.colorado.gov/bill_files/114663/download) - [Introduced (PDF)](https://leg.colorado.gov/bill_files/110962/download) - [Reengrossed (PDF)](https://leg.colorado.gov/bill_files/113889/download) - [Rerevised (PDF)](https://leg.colorado.gov/bill_files/115002/download) - [Revised (PDF)](https://leg.colorado.gov/bill_files/114917/download) - [Senate Local Government & Housing Preamend (PDF)](https://leg.colorado.gov/bill_files/112684/download) - [Signed Act (PDF)](https://leg.colorado.gov/bill_files/116002/download) ## Related - [HB26-1250: Procedures Related to Civil Asset Forfeiture](https://policyrisk.com/state-bill/CO-HB26-1250-2026A) - [HB26-1298: Background Checks for Child Welfare Placements](https://policyrisk.com/state-bill/CO-HB26-1298-2026A) - [HB26-1414: Medical Record Requests](https://policyrisk.com/state-bill/CO-HB26-1414-2026A) - [SB26-155: Increase Access Homeowner's Insurance Enterprise](https://policyrisk.com/state-bill/CO-SB26-155-2026A) - [HB26-1429: County Administration Public Assistance Programs](https://policyrisk.com/state-bill/CO-HB26-1429-2026A) - [HB26-1430: Transportation Funding Adjustments](https://policyrisk.com/state-bill/CO-HB26-1430-2026A) - [Colorado bills](https://policyrisk.com/states/colorado/bills) - [Colorado state hub](https://policyrisk.com/states/colorado) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/CO-SB26-040-2026A (as of 2026-10-16).