(1) (a) The division shall establish a housing investment trust fund, referred to in this section as the trust fund. The division shall pay into the trust fund any moneys made available by the general assembly, all moneys collected by the division for purposes of this section from federal grants and from other contributions, gifts, grants, and donations received from any other organization, entity, or individual, public or private, and from any fees or interest earned on such moneys, which moneys the division is hereby authorized and directed to solicit, accept, expend, and disburse for the purpose of making loans or loan guarantees and for program administration as provided in this section. Any moneys in the trust fund at the end of any fiscal year do not revert to the general fund. The moneys in the trust fund are hereby continuously appropriated to the division for the purposes specified in this section. For any given state fiscal year, no more than three percent of the moneys appropriated from the trust fund may be expended for the administrative costs of the division in administering the trust fund.
(b) (Deleted by amendment, L. 2014.)
(2) Subject to the requirements of this section, upon the approval of the board, the division may make a loan from moneys in the trust fund for development or redevelopment costs incurred prior to the completion of low- or moderate-income housing or for the rehabilitation of such housing. The interest rate on such loan shall be determined by the board and set forth in the loan agreement signed by the applicant. In conjunction with the making of such loan, the division shall require the borrower to furnish collateral security in such amounts and in such form as the division shall determine to be necessary to assure the payment of such loan and the interest thereon as the same become due. The loan shall be subject to the terms and conditions imposed by the division and shall be repaid within the time and in the manner specified by the division in the loan agreement. In making loans of moneys from the trust fund, the division shall give priority to owners of property that was either destroyed or incurred substantial damage as a result of one or more state or federally declared natural disasters.
(3) As principal and interest payments are received by the division from the borrower, such moneys shall be deposited in the trust fund.
(3.5) Notwithstanding any other provision of this section, on or after May 29, 2014:
(a) The division may charge the borrower an origination fee for loans made from the trust fund. The fee must be used for direct and indirect costs associated with the administration of the trust fund.
(b) The division shall not guarantee any loan made to a for-profit organization or entity unless the loan is secured on a recourse basis; and
(c) The total amount of loan guarantees that may be made by the division against the trust fund shall not exceed either two million dollars for any one project or up to five million dollars for all such projects at any one time.
(3.7) If applications are required for loans pursuant to this section, the application process must be in accordance with the process set forth in section 24-32-705.7.
(4) For the purposes of this section, unless the context otherwise requires, the following definitions shall apply:
(a) Family means two or more persons related by blood, marriage, or adoption who live or expect to live together as a single household in the same home, a single person who is either at least sixty-two years of age or has a disability, or a single person whom the board may by regulation determine to be eligible for assistance under this part 7.
(b) Low- or moderate-income family means a family whose income is insufficient to secure decent, safe, and sanitary housing provided by private industry without public assistance and whose income is below the respective income limits established by the board by regulation, taking into consideration such factors as the following:
(I) The amount of the total income of such family available for housing needs;
(II) The size of the family;
(III) The cost and condition of housing facilities available;
(IV) The ability of such family to compete successfully in the private housing market and to pay the amounts at which private enterprise is providing decent, safe, and sanitary housing; and
(V) Standards established by various programs of the federal government for determining eligibility based on the income of such family.
(c) Low- or moderate-income housing means a residential structure or structures occupied by one or more low- or moderate-income families.
(5) Repealed.
Source: L. 82: Entire section added, p. 368, � 1, effective April 27. L. 85: (5) amended, p. 808, � 1, effective May 16. L. 88: (5) amended, p. 918, � 1, effective April 14. L. 92: (1), (2), (3), and (5) amended, p. 1070, � 1, effective July 1. L. 93: (4)(a) amended, p. 1654, � 58, effective July 1. L. 2006: (5) repealed, p. 143, � 14, effective August 7. L. 2009: (1) amended, (SB 09-279), ch. 367, p. 1930, � 18, effective June 1. L. 2014: (1), (2), and (3) amended and (3.5) added, (HB 14-1017), ch. 277, p. 1122, � 1, effective May 29. L. 2024: (3.7) added, (HB 24-1308), ch. 295, p. 2013, � 5, effective August 7.
Cross references: For the legislative declaration in HB 24-1308, see section 1 of chapter 295, Session Laws of Colorado 2024.
24-32-718. Publicly assisted housing - notice of termination - database - high energy performance building standard program - definitions. (1) As used in this section, unless the context otherwise requires:
(a) Financial assistance means any financial assistance administered by the division that is subject to affordability restrictions, including, but not limited to, grants and loans from the division and federally funded rental assistance contracts, loans, or insurance.
(b) Publicly assisted housing project means a property with five or more rental units that was developed, rehabilitated, purchased, or insured with financial assistance.
(2) (a) The division shall provide information about the database it maintains pursuant to subsection (3) of this section to owners of publicly assisted housing projects and shall encourage them to give notice to the division no less than one hundred twenty days before taking any action that will make the project no longer affordable, if the affordability restrictions on the project are still in effect at the time the notice is required.
(b) For purposes of this subsection (2), the following actions shall be considered actions that make a project no longer affordable:
(I) Converting the property to commercial use or increasing residential rent to an amount exceeding the amount permitted under the affordability restrictions in effect at the time of the notice; or
(II) Withdrawing from or electing not to renew an available federally funded project-based rental assistance contract.
(c) During the period of one hundred twenty days after notice is given to the division, the division may attempt to coordinate a purchase by a purchaser that is committed to maintaining the project as an affordable housing resource.
(3) The division shall maintain an updated database of publicly assisted housing projects on which it has received the notice required by subsection (2) of this section.
(4) The board, in consultation with the division, shall adopt and update from time to time a nationally recognized high energy performance building standard program for publicly assisted housing projects. The division shall present a report on the program annually to the general assembly for comment and review. The standard shall apply to all new applications for publicly assisted housing projects made to the division on or after January 1, 2009; except that the executive director of the department of local affairs may exempt a particular publicly assisted housing project from compliance with the standard upon a determination by the executive director that extenuating circumstances exist such as to preclude the implementation of this subsection (4).
Source: L. 2002: Entire section added, p. 413, � 3, effective August 7. L. 2008: (4) added, p. 1308, � 3, effective August 5.
24-32-719. Foreclosure prevention - outreach efforts - grant fund - creation - administration - repeal. (Repealed)
Source: L. 2008: Entire section added, p. 2259, � 2, effective June 5.
Editor's note: Subsection (4) provided for the repeal of this section, effective July 1, 2010. (See L. 2008, p. 2259.)
24-32-720. Property foreclosure reports - official state statistics - repeal. (Repealed)
Source: L. 2009: Entire section added, (HB 09-1197), ch. 101, p. 374, � 2, effective August 5.
Editor's note: Subsection (5) provided for the repeal of this section, effective January 1, 2015. (See L. 2009, p. 374.)
24-32-721. Colorado affordable housing construction grants and loans - housing development grant fund - creation - housing assistance for persons with behavioral, mental health, or substance use disorders - cash fund - appropriation - report to general assembly - rules - definitions - repeal. (1) There is created in the state treasury the housing development grant fund, which fund is administered by the division and is referred to in this section as the fund. The fund consists of money credited to the fund in accordance with section 39-26-123 (3)(b); money transferred to the fund in accordance with section 24-22-118 (2); money transferred to the fund from the ARPA refinance state money cash fund pursuant to section 24-75-226.5; money appropriated to the fund by the general assembly; all money transferred to the fund from the marijuana tax cash fund created in section 39-28.8-501 (1) and any other cash fund maintained by the state; all money transferred to the fund from the general fund and the revenue loss restoration cash fund created in section 24-75-227 (2) pursuant to subsections (6) and (7) of this section; all money collected by the division for purposes of this section from federal grants, from other contributions, gifts, grants, and donations received from any other organization, entity, or individual, public or private; and from any fees or interest earned on such money. The division is authorized and directed to solicit, accept, expend, and disburse all money collected for the fund from the sources specified in this subsection (1) for the purpose of making grants, loans, or other forms of assistance that may be awarded under section 24-32-721.7 and for program administration as provided in this section. All such money must be transmitted to the state treasurer to be credited to the fund. Except as otherwise provided in subsection (3)(b.5) of this section, the money in the fund is continuously appropriated to the division for the purposes of this section.
(1.5) In addition to the other sources of money to be deposited into the fund that are specified in subsection (1) of this section, the fund also consists of money transferred by the state treasurer from the unclaimed property trust fund to the division in accordance with section 38-13-801 (3.5) to supplement existing funds to be expended for any of the purposes specified in subsection (2)(d) of this section.
(1.7) Repealed.
(2) (a) Subject to the requirements of this section, upon the approval of the board, the division may make a grant or loan from money in the fund to improve, preserve, or expand the supply of affordable housing in Colorado as well as to fund the acquisition of housing and economic data necessary to advise the board on local housing conditions. In making loans or grants from the fund, the division shall give priority to owners of property that was either destroyed or incurred substantial damage as a result of one or more state or federally declared natural disasters where the property owner has received the maximum insurance proceeds and public disaster assistance. The division shall annually allocate, with or without board approval, at least one-third of the money credited to the fund in accordance with section 39-26-123 (3)(b) to improve, preserve, or expand affordable housing for households whose annual income is less than or equal to thirty percent of the area median income, as published annually by the United States department of housing and urban development. The division shall use at least five million dollars of the amount transferred to the fund in accordance with section 24-22-118 (2) to improve, preserve, or expand the supply of affordable housing in rural Colorado.
(b) and (c) (Deleted by amendment, L. 2014.)
(d) In addition to any other use authorized under this section, money may also be used for the following purposes, without limitation:
(I) Grants and loans for the acquisition, renovation, and construction of for-sale homes in nonurban areas for purchasers who reside in households with an annual income up to one hundred twenty percent of the area median income and down payment assistance programs that are financed in partnership with private and public entities for the development of housing and the delivery of services that assist persons in households with an annual income up to one hundred percent of the area median income;
(II) Programs for home rehabilitation;
(III) Repair, replacement, and disposal of mobile homes in conjunction with programs that are operated by local governments, local housing authorities, and private organizations;
(IV) Grants and loans for the financing of land acquisition and infrastructure costs associated with the provision of utilities to support development of a planned deed restricted rental or for-sale affordable housing development;
(V) Grants and loans to private and public entities to provide funding for the development, acquisition, and rehabilitation of affordable housing targeted at a specific area median income or income level; and
(VI) Rental assistance and tenancy support service programs that target one or more of the following persons or uses:
(A) Homeless families with dependents or other children enrolled in preschool, elementary, or secondary schools;
(A.5) Individuals experiencing homelessness;
(B) Medicaid clients in nursing homes who are able to live in their communities with in-home services;
(C) Family unification and related services;
(D) Homeless or disabled veterans;
(E) Low-income households with an annual income at or below sixty percent of the area median income; and
(F) Survivors of domestic violence.
(VII) Grants and loans to local governments and nonprofit organizations for the rental, acquisition, or renovation of underutilized hotels, underutilized motels, and other underutilized properties to provide noncongregate sheltering or affordable housing for people experiencing homelessness. The division shall define the terms underutilized hotel, underutilized motel, and underutilized property by policies and procedures. Local governments and nonprofit organizations that are awarded grants or loans under this subsection (2)(d)(VII) shall prioritize the rental, acquisition, or renovation of underutilized hotels, underutilized motels, and other underutilized properties that are minority-owned or women-owned businesses, that have annual revenues under five million dollars, that qualify as disadvantaged business enterprises as defined in part 26 of title 49 of the code of federal regulations, as amended, or that comply with the federal Americans with Disabilities Act of 1990, 42 U.S.C. sec. 12101 et seq., as amended.
(e) In determining how best to allocate money to promote the various purposes specified in subsection (2)(d) of this section, the division shall consult with stakeholders from urban and rural communities and representatives from populations of different income levels with diverse housing needs and shall award funding to meet the needs of local communities that will optimize the socio-economic and housing stability of outcomes of households served; optimize the creation, operation, and affordability length of affordable housing stock created; optimize the preservation of naturally occurring and subsidized affordable housing; consider the impact of award terms on the financial stability of the organizations delivering these development projects and resident services; leverage or be leveraged by other available public or private sources of money; be layered with other funds administered by the state; address housing needs throughout the state; and serve populations with the greatest unmet need. The division may evaluate and award funding opportunities at all stages of a project, including predevelopment and first-in catalytic fund commitments.
(f) As used in this subsection (2), area median income is determined in accordance with guidelines or other standards promulgated by the United States department of housing and urban development.
(g) (I) Within three business days of June 26, 2021, the state treasurer shall transfer thirty million dollars from the affordable housing and home ownership cash fund created in section 24-75-229, that originates from money the state received from the federal coronavirus state fiscal recovery fund, to the housing development grant fund and transfer fifteen million dollars from the general fund to the affordable housing and home ownership cash fund created in section 24-75-229. Within three business days of May 27, 2022, the state treasurer shall transfer:
(A) One million eight hundred ninety-four thousand four dollars to the housing development grant fund from the affordable housing and home ownership cash fund created in section 24-75-229 that originates from the general fund;
(B) Twenty-eight million dollars to the housing development grant fund from the general fund; and
(C) Twenty-nine million eight hundred ninety-four thousand four dollars from the housing development grant fund to the affordable housing and home ownership cash fund created in section 24-75-229. The transfer required by this subsection (2)(g)(I)(C) is from money that was transferred on June 26, 2021, to the housing development grant fund from the affordable housing and home ownership cash fund that originated from money the state received from the federal coronavirus state fiscal recovery fund.
(II) The division shall use money transferred from the affordable housing and home ownership cash fund created in section 24-75-229, that originates from money the state received from the general fund, pursuant to subsection (2)(g)(I) of this section for the purposes allowed under subsection (2)(d)(VI)(A.5) of this section that are related to subsection (2)(d)(VII) of this section and for the purposes allowed by subsection (2)(d)(VII) of this section.
(III) During the department of local affairs' annual presentation in 2022 and 2023 to the committees of reference pursuant to section 2-7-203, the department shall include a summarized report of the rental and tenancy support service programs provided by the division of housing pursuant to subsection (2)(d)(VI)(A.5) of this section that are related to underutilized hotels, underutilized motels, and other underutilized properties and the grants and loans awarded by the division of housing for the rental, acquisition, or renovation of underutilized hotels, underutilized motels, and other underutilized properties pursuant to subsection (2)(d)(VII) of this section.
(h) Repealed.
(3) (a) Except as otherwise provided in section 24-75-226 (4)(c)(II), any money in the fund not expended or encumbered from any appropriation at the end of any fiscal year remains in the fund and does not revert to the general fund or any other fund and remains available for expenditure by the division in subsequent fiscal years for the purposes specified in subsection (1.5) or (2) of this section without further appropriation.
(b) Notwithstanding any other provision of this section, the division, in its discretion, may transfer twenty percent of the balance of the money in the fund into the housing investment trust fund established in section 24-32-717 (1)(a), which balance is calculated as of July 1 of the state fiscal year in which the money is transferred. For any given state fiscal year before state fiscal year 2025-26, no more than three percent of the money appropriated or transferred to the fund may be expended for the administrative costs of the division in administering the fund.
(b.5) Subject to annual appropriation by the general assembly beginning in state fiscal year 2025-26, for any given state fiscal year, the division may expend up to four percent of the money appropriated or transferred to the fund for the administrative costs of the division in administering the fund.
(c) Subject to the limitation on the percentage of money appropriated from the fund that may be expended for the administrative costs of the division in administering the fund specified in subsection (3)(b) of this section, the division may expend money from the fund to hire and employ individuals in order to fulfill the purposes of House Bill 19-1322, enacted in 2019.
(d) (I) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund.
(II) (A) On June 30, 2025, the state treasurer shall transfer two million eight hundred twenty-one thousand one hundred fifty-seven dollars from the fund to the general fund.
(B) This subsection (3)(d)(II) is repealed, effective July 1, 2026.
(4) (a) As used in this subsection (4), unless the context otherwise requires, person with a behavioral or mental health disorder means an individual who has or, at any time during the previous twelve months, had a diagnosable mental, behavioral, or emotional disorder of sufficient duration to meet diagnostic criteria specified within the diagnostic and statistical manual of mental disorders, resulting in functional impairment that interferes with or limits one or more major life activities.
(b) In conjunction with its other programs to provide assistance in obtaining housing and subject to available appropriations, the division of housing shall establish a program that provides vouchers and other support services for housing assistance for:
(I) An individual with a mental health disorder, substance use disorder, or co-occurring behavioral health disorder who is transitioning from the department of corrections, the division of youth services in the department of human services, a mental health institute, a psychiatric hospital, or a county jail into the community; or
(II) An individual who is homeless or in an unstable housing environment and is transitioning from a residential treatment program or is engaged in the community transition specialist program created pursuant to section 27-66.5-103.
(c) In addition to any other uses specified in this section, the division shall also provide grants or loans for the acquisition, construction, or rehabilitation of rental housing for persons with behavioral or mental health disorders.
(d) There is created in the state treasury the housing assistance for persons transitioning from the criminal or juvenile justice system cash fund, referred to in this subsection (4) as the cash fund. The cash fund consists of money that the general assembly appropriates to the cash fund. Subject to annual appropriation by the general assembly, the division may expend money in the cash fund for the purposes set forth in this subsection (4). All interest earned from the investment of money in the cash fund is credited to the cash fund. All money not expended at the end of the fiscal year remains in the cash fund, does not revert to the general fund or any other fund, and remains available for expenditure by the division in the next fiscal year for the purposes of this subsection (4) without further appropriation.
(e) In addition to any money appropriated to the division of housing pursuant to subsection (4)(d) of this section, for the 2019-20 fiscal year, and for each of the following four fiscal years, the general assembly shall annually appropriate one million dollars from the marijuana tax cash fund created in section 39-28.8-501 to the division of housing for the voucher program specified in subsection (4)(b) of this section.
(f) The executive director of the department of local affairs shall report to the senate committee on health and human services and the house of representatives committees on health and insurance and public health care and human services, or any successor committees, under the State Measurement for Accountable, Responsive, and Transparent (SMART) Government Act, part 2 of article 7 of title 2, on:
(I) The number of projects funded under this section;
(II) The number of units in each project funded under this section;
(III) The number of qualified individuals housed as a result of this subsection (4); and
(IV) To the extent practicable, the number of individuals who, after receiving a voucher under subsection (4)(b) of this section, returned to the facilities from which the individuals were transitioning.
(5) Any principal or interest payments received by the division from a borrower pursuant to a loan originated using funds appropriated from the affordable housing and home ownership cash fund created in section 24-75-229 (3)(a) must be deposited in the housing investment trust fund created in section 24-32-717 (1).
(6) On June 27, 2021, the state treasurer shall transfer one million six hundred thousand dollars from the general fund to the housing development grant fund created in subsection (1) of this section. The division shall use the money transferred pursuant to this subsection (6) for the affordable housing guided toolkit and local officials guide program created in section 24-32-721.7.
(7) Repealed.
(8) If applications are required for money from the fund pursuant to this section, the application process must be in accordance with the process set forth in section 24-32-705.7.
Source: L. 2009: Entire section added, (HB 09-1213), ch. 217, p. 981, � 1, effective June 30. L. 2014: Entire section amended, (HB 14-1017), ch. 277, p. 1123, � 2, effective May 29. L. 2017: (4) added, (SB 17-021), ch. 305, p. 1659, � 2, effective June 2. L. 2018: (4)(d) amended, (SB 18-016), ch. 334, p. 2008, � 2, effective May 30. L. 2019: (3)(b) and (4)(b) amended and (4)(e) and (4)(f) added, (HB 19-1009), ch. 274, p. 2586, � 1, effective May 23; (1) and (2)(a) amended, (HB 19-1245), ch. 199, p. 2156, � 3, effective August 2; (1), (3)(a), and (4)(c) amended and (1.5), (2)(d), (2)(e), (2)(f), and (3)(c) added, (HB 19-1322), ch. 201, p. 2168, � 3, effective August 2. L. 2020: (4)(d) amended, (HB 20-1262), ch. 60, p. 202, � 2, effective March 20; (1.7) added, (HB 20-1410), ch. 112, p. 466, � 3, effective June 22; (1) and (2)(a) amended, (HB 20-1427), ch. 248, p. 1211, � 25, effective (see editor's note). L. 2020, 1st Ex. Sess.: (1.7)(b) amended and (1.7)(a.5), (1.7)(g.5), and (1.7)(h.5) added, (SB 20B-002), ch. 8, p. 40, � 1, effective December 7. L. 2021: (5) added, (HB 21-1329), ch. 347, p. 2257, � 2, effective June 25; IP(2)(d)(VI) amended and (2)(d)(VI)(A.5), (2)(d)(VII), (2)(g), and (2)(h) added, (SB 21-242), ch. 346, p. 2250, � 2, effective June 26; (1) amended and (6) added, (HB 21-1271), ch. 356, p. 2323, � 5, effective June 27; (3)(b) amended, (HB 21-1028), ch. 396, p. 2634, � 3, effective September 7. L. 2022: (3)(a) amended, (HB 22-1342), ch. 137, p. 921, � 6, effective April 25; (2)(g)(I) and (2)(g)(II) amended, (HB 22-1411), ch. 271, p. 1957, � 7, effective May 27. L. 2023: (1) and (6) amended, (HB 23-1301), ch. 303, p. 1825, � 34, effective August 7. L. 2023, 1st Ex. Sess.: (1) amended and (7) added, (HB 23B-1001), ch. 6, p. 26, � 2, effective November 28. L. 2024: (1) amended, (HB 24-1466), ch. 429, p. 2938, � 18, effective June 5; (2)(e) amended and (8) added, (HB 24-1308), ch. 295, p. 2013, � 6, effective August 7. L. 2025: (1) and (3)(b) amended and (3)(b.5) added, (SB 25-245), ch. 122, p. 486, � 1, effective April 25; (3)(a) amended and (3)(d) added, (SB 25-317), ch. 385, p. 2143, � 10, effective June 3.
Editor's note: (1) Amendments to subsection (1) by HB 19-1322 and HB 19-1245 were harmonized.
(2) Section 27(2) of chapter 248 (HB 20-1427), Session Laws of Colorado 2020, provides that changes to this section take effect on the date of the governor's proclamation or January 1, 2021, whichever is later, only if, at the November 2020 statewide election, a majority of voters approve the ballot issue referred in accordance with section 39-28-401. The ballot question was referred to the registered electors on November 3, 2020, and was approved with the following vote count:
FOR: 2,134,608
AGAINST: 1,025,182
(3) Subsection (2)(h)(V) provided for the repeal of subsection (2)(h), effective December 31, 2023. (See L. 2021, p. 2250.)
(4) Subsection (7)(l) provided for the repeal of subsection (7), effective June 30, 2025. (See L. 2023, 1st Ex. Sess., p. 26.)
Cross references: (1) For the legislative declaration in SB 17-021, see section 1 of chapter 305, Session Laws of Colorado 2017. For the legislative declaration in HB 20-1410, see section 1 of chapter 112, Session Laws of Colorado 2020. For the legislative declaration in HB 21-1271, see section 1 of chapter 356, Session Laws of Colorado 2021. For the legislative declaration in SB 21-242, see section 1 of chapter 346, Session Laws of Colorado 2021. For the legislative declaration in HB 23B-1001, see section 1 of chapter 6, Session Laws of Colorado 2023, First Extraordinary Session. For the legislative declaration in HB 24-1466, see section 1 of chapter 429, Session Laws of Colorado 2024. For the legislative declaration in HB 24-1308, see section 1 of chapter 295, Session Laws of Colorado 2024. For the legislative declaration in SB 25-317, see section 1 of chapter 385, Session Laws of Colorado 2025.
(2) For the short title (Affordable Housing Act of 2019) and the legislative declaration in HB 19-1245, see sections 1 and 2 of chapter 199, Session Laws of Colorado 2019.
24-32-721.3. Middle income access program - contract with Colorado housing and finance authority for administration of funds - appropriation. For state fiscal year 2022-23, the general assembly shall appropriate twenty-five million dollars from money in the affordable housing and home ownership cash fund, created in section 24-75-229 (3)(a), that originates from the general fund to the department of local affairs for the use of the division for the purpose of expanding the middle income access program established in and administered by the Colorado housing and finance authority, created in part 7 of article 4 of title 29. The division shall contract with the authority for administration of the money appropriated to the department under this section. The contract may include normal and customary fees and expenses for administration of the program, and the program must be administered in a manner consistent with the program guidelines established by the authority.
Source: L. 2022: Entire section added, (SB 22-146), ch. 161, p. 1010, � 2, effective May 16.
Cross references: For the legislative declaration in SB 22-146, see section 1 of chapter 161, Session Laws of Colorado 2022.
24-32-721.5. Emergency direct assistance grant program - created - purposes of grants - rules - applications - fund created - report - definition - repeal. (Repealed)
Source: L. 2020, 1st Ex. Sess.: Entire section added, (SB 20B-002), ch. 8, p. 41, � 2, effective December 7.
Editor's note: Subsection (10) provided for the repeal of this section, effective June 30, 2022. (See L. 2020, 1st Ex. Sess., p. 41.)
24-32-721.7. Affordable housing guided toolkit and local officials guide program - creation. (1) (a) There is hereby created within the division the affordable housing guided toolkit and local officials guide program, referred to in this section as the housing toolkit program. The purpose of the housing toolkit program is to award funding to qualified counties, municipalities, and federally recognized tribes within the state selected in a competitive process who commit to the adoption of best land use practices with demonstrated success in the development of affordable housing. Under the housing toolkit program, technical assistance will be provided by consultants and related professionals to enable local governments to achieve an understanding of the housing needs of their communities, including the equity impacts of their land use policies and regulations, take steps to engage their entire communities in this process, make changes to their land use codes and related processes that provide incentives and reduce barriers to the development of affordable housing, obtain and support viable sites in their communities for the development of affordable housing, and attract developers committed to making such investments in their communities. The division shall administer the housing toolkit program.
(b) All funding of any assistance awarded under the housing toolkit program must be made entirely out of the money transferred from the general fund to the housing development grant fund created in section 24-32-721 (1) in accordance with section 24-32-721 (6). All costs incurred by the division in administering the housing toolkit program must be paid out of the money transferred in accordance with section 24-32-721 (6). The division may use up to eight percent of any money appropriated to it under this section to cover its administrative costs in administering the housing toolkit program. All money transferred to the housing development grant fund in accordance with section 24-32-721 (6) must be expended before July 1, 2025. Any such money that is not expended or encumbered from any appropriation at the end of any fiscal year is available for expenditure before July 1, 2025, without further appropriation.
(c) The process for applications required pursuant to this section must be in accordance with the process set forth in section 24-32-705.7.
(2) (a) In evaluating applications for technical assistance under the housing toolkit program, the division shall prioritize projects based upon whether the application will, in the discretion of the division, create the maximum impact on the development of affordable housing in the areas of greatest need across the state and will satisfy one or more of the factors specified in subsection (1) of this section. The division shall consult with the division of local government in connection with the creation and administration of the housing toolkit program.
(b) On or before September 1, 2021, the executive director of the department of local affairs or the executive director's designee shall adopt policies and procedures for the housing toolkit program that include, without limitation:
(I) Procedures and time lines by which an eligible recipient may apply for assistance under the housing toolkit program;
(II) Criteria for determining the amount or nature of the assistance awarded;
(III) Performance criteria for grant recipients' projects; and
(IV) Reporting requirements for grant recipients.
(c) On or before November 1, 2022, and on or before November 1, 2023, the executive director of the department or the executive director's designee shall publish a report summarizing the use of all assistance that was awarded from the housing toolkit program in the preceding fiscal year. In the report, the division shall also provide its recommendations concerning future administration of the housing toolkit program. The report must be shared with the general assembly and posted on the department's website.
Source: L. 2021: Entire section added, (HB 21-1271), ch. 356, p. 2324, � 6, effective June 27. L. 2023: (1)(b) amended, (HB 23-1232), ch. 217, p. 1122, � 2, effective May 17. L. 2024: (1)(c) added, (HB 24-1308), ch. 295, p. 2014, � 7, effective August 7.
Editor's note: This section was numbered as � 24-32-721.5 in HB 21-1271 but was renumbered on revision for ease of location.
Cross references: For the legislative declaration in HB 21-1271, see section 1 of chapter 356, Session Laws of Colorado 2021. For the legislative declaration in HB 24-1308, see section 1 of chapter 295, Session Laws of Colorado 2024.
24-32-722. Consolidation of public housing agencies for low- and moderate-income households and persons with disabilities into the division - legislative declaration - repeal. (Repealed)
Source: L. 2011: Entire section added, (HB 11-1230), ch. 170, p. 586, � 3, effective July 1. L. 2012: (1), (2)(b), (3)(a)(I), (3)(b), (3)(c), (4), and (7) amended and (5) and (6) repealed, (SB 12-158), ch. 151, p. 542, � 3, effective May 3.
Editor's note: Subsection (7) provided for the repeal of this section, effective July 1, 2013. (See L. 2012, p. 543.)
24-32-723. Office of homeless youth services - creation - function - duties - definitions. (1) This section shall be known and may be cited as the Colorado Homeless Youth Services Act.
(2) As used in this section, unless the context otherwise requires:
(a) Entity means any state agency, any state-operated program, or any private nonprofit or not-for-profit community-based organization.
(b) Homeless youth means a child or youth who is at least eleven years of age but is less than twenty-one years of age who:
(I) Lacks a fixed, regular, and adequate nighttime residence; or
(II) Has a primary nighttime residence that is:
(A) A supervised, publicly or privately operated shelter designed to provide temporary living accommodations; or
(B) A public or private place not designed for, nor ordinarily used as, a regular sleeping accommodation for human beings.
(III) Homeless youth shall not include any individual imprisoned or otherwise detained pursuant to an act of congress or a state law.
(3) There is hereby created the office of homeless youth services in the department of local affairs for the purpose of providing information, coordination, and support services to public and private entities serving the homeless youth of Colorado. The office of homeless youth services shall seek to:
(a) Identify and remove obstacles to the provision of services;
(b) Improve the quality of services provided to homeless youth;
(c) Reduce needless expenditures caused by the provision of overlapping services; and
(d) Identify housing and supportive services funding resources available to entities serving homeless youth.
(4) (a) In providing the services described in this section, the office of homeless youth services is strongly encouraged to work with the executive directors, or their designees, of the Colorado department of public health and environment, the judicial department, private nonprofit and not-for-profit organizations, appropriate federal departments, and other key stakeholders in the community.
(b) At a minimum, the office of homeless youth services shall have the following duties:
(I) To provide information, coordination, and technical assistance as may be necessary to reduce needless expenditures associated with the provision of overlapping services and to improve the quality of services provided to homeless youth;
(II) To identify both procedural and substantive obstacles to the provision of services and to make recommendations to the entities specified in this section concerning procedural, regulatory, or statutory changes necessary to remove such obstacles;
(III) To obtain information from service providers concerning known services available for the homeless youth population in the state of Colorado and to post such information on a website on the internet;
(IV) To develop, maintain, and make available a listing of all rights and organizations that may be relevant to the homeless youth population in the state of Colorado, including but not limited to a listing of legal, educational, and victims' rights and organizations related thereto;
(V) To obtain information concerning known funding sources available for the homeless youth population in the state of Colorado; and
(VI) To work with entities to identify issues concerning sharing of information in providing services to homeless youth and to facilitate resolution of such information-sharing issues.
(c) Repealed.
Source: L. 2011: Entire section added, (HB 11-1230), ch. 170, p. 588, � 5, effective July 1; (2) amended and (4)(c) added, (HB 11-1079), ch. 83, pp. 225, 226, �� 4, 6, effective August 10. L. 2013: (4)(a) amended, (HB 13-1239), ch. 307, p. 1631, � 8, effective July 1; IP(3) amended, (HB 13-1300), ch. 316, p. 1682, � 53, effective August 7. L. 2017: (4)(c) repealed, (HB 17-1047), ch. 26, p. 78, � 1, effective August 9.
Editor's note: (1) Subsections (1), (2), (3), and (4) are similar to former �� 26-5.9-101, 26-5.9-103, 26-5.9-104, and 26-5.9-105, respectively, as they existed prior to 2010.
(2) Subsections (2)(b) and (4)(c) were numbered as �� 26-5.9-103 (2) and 26-5.9-105 (3), respectively, in House Bill 11-1079, and those amendments were harmonized with this section as amended and relocated by House Bill 11-1230.
(3) Section 13 of chapter 307, Session Laws of Colorado 2013, provides that amendments to subsection (4)(a) are effective upon the effective date of House Bill 13-1239 or House Bill 13-1117, whichever is later, only if House Bill 13-1117 becomes law. House Bill 13-1117 was signed by the governor on May 7, 2013, establishing an effective date of July 1, 2013.
Cross references: For the legislative declaration in the 2013 act amending subsection (4)(a), see section 1 of chapter 307, Session Laws of Colorado 2013.
24-32-724. Fort Lyon property - supportive residential community - definitions - repeal.
(1) Repealed.
(2) (a) A portion of the Fort Lyon property is designated as a supportive residential community for the homeless for the purpose of providing substance abuse supportive services, medical care, job training, and skill development for the residents.
(b) (I) The division of housing shall enter into a contract with a private contractor to establish the residential community. The contractor selected by the division must be experienced in providing statewide integrated housing, health care, and supportive service programs for homeless individuals.
(II) The division shall subtract an amount equal to three percent of the bid price from the bid of each contractor that certifies through employment records that at least fifteen percent of employees who will perform the requirements of the contract were employed as correctional officers or as other employees at the Fort Lyon correctional facility within the last five years.
(3) The general assembly may enact legislation to repeal this section following its review of the study prepared in accordance with section 24-32-725.
Source: L. 2013: Entire section added, (SB 13-210), ch. 261, p. 1378, � 3, effective August 7. L. 2016: (1) repealed and (3) added, (HB 16-1411), ch. 154, p. 477, � 3, effective May 4.
Cross references: For the legislative declaration in HB 16-1411, see section 1 of chapter 154, Session Laws of Colorado 2016.
24-32-725. Fort Lyon supportive residential community - study - advisory committee - creation - definitions - repeal. (Repealed)
Source: L. 2016: Entire section added, (HB 16-1411), ch. 154, p. 477, � 4, effective May 4.
Editor's note: Subsection (9) provided for the repeal of this section, effective July 1, 2019. (See L. 2016, p. 477.)
24-32-726. Financial literacy and exchange program - creation - FLEX accounts - FLEX cash fund - transfer - short title - legislative declaration - definitions - repeal. (Repealed)
Source: L. 2022: Entire section added, (HB 22-1389), ch. 314, p. 2243, � 1, effective January 1, 2023. L. 2025: (7)(c) and (9) added, (SB 25-114), ch. 3, p. 9, � 1, effective February 27.
Editor's note: (1) For the amendments in SB 25-114 in effect from February 27, 2025, to July 1, 2025, see chapter 3, Session Laws of Colorado 2025. (L. 2025, p. 9.)
(2) Subsection (9) provided for the repeal of this section, effective July 1, 2025. (See L. 2025, p. 9.)
24-32-727. Denver-metropolitan regional navigation campuses grant - regional navigation campuses cash fund - creation - definitions. (1) As used in this section, unless the context otherwise requires:
(a) Community partner means a nonprofit organization that undertakes any of the activities described in subsection (3) of this section.
(b) Local government means the city and county of Denver, Adams county, Arapahoe county, Jefferson county, Douglas county, the city and county of Broomfield, the Denver regional council of governments, or a municipality located within one of those counties.
(2) A local government or local governments applying together or a community partner in conjunction with one or more local governments may submit an application for a grant to the division in accordance with policies, procedures, and guidelines adopted by the division in order to build or acquire, and then facilitate, one or more regional navigation campuses in the Denver metropolitan area to respond to and prevent homelessness. The division, in collaboration with the department of human services and the behavioral health administration in the department of human services, shall establish the application requirements, which must include a plan by which an applicant intends to sustain funding for the regional navigation campus or campuses after the grant period ends.
(3) Each applicant shall demonstrate how the applicant plans to build or acquire, and then facilitate, one or more navigation campuses that may include, but are not limited to, the following:
(a) Services for behavioral health, mental health, and substance use disorders, including a continuum of behavioral health services and treatment;
(b) Medical care, including dental care;
(c) Transitional housing;
(d) Permanent supportive housing;
(e) Emergency shelter;
(f) Recovery-oriented services and care;
(g) Vocational rehabilitation and employment skills training with the requisite supportive services that support those initiatives;
(h) Assistance enrolling eligible individuals into public assistance benefits programs;
(i) Services for individuals exiting other residential facilities or programs and who are at risk or imminently at risk of experiencing homelessness; and
(j) Other supportive services including, but not limited to, transportation, case management, life skills training, and other supportive services described in 42 CFR 578.53 and others determined by the division.
(4) In selecting grant recipients, the division, in collaboration with the department of human services and the behavioral health administration in the department of human services, shall consider:
(a) An applicant's commitment to regional and transformational projects that address homelessness;
(b) An applicant's commitment to providing wraparound services for the residents at each supportive residential campus;
(c) The impact of each proposed navigation campus in the community where it will be located and in the Denver-metropolitan region as a whole; and
(d) The ability of the applicant to manage each location and determine long-term operational costs and sustainability.
(5) In adopting policies, procedures, and guidelines, the division shall collaborate with the department of human services and the behavioral health administration in the department of human services to create a process that ensures that grants are only awarded after a fair and rigorous open competition among eligible applicants. The division shall review applications and select grant recipients in collaboration with partnering agencies.
(6) The division, a grant recipient, or any other person who receives money from the division pursuant to this section shall comply with the compliance, reporting, record-keeping, and program evaluation requirements established by the office of state planning and budgeting and the state controller in accordance with section 24-75-226 (5).
(7) On July 1, 2022, the state treasurer shall transfer fifty million dollars from the economic recovery and relief cash fund, created in section 24-75-228, that originates from the money the state received from the federal coronavirus state fiscal recovery fund, to the regional navigation campuses cash fund for the purposes of this section. The division may expend up to ten percent of the money appropriated or transferred to the fund to pay for its direct and indirect costs in administering grants. All administrative costs must be paid out of the money transferred to the fund pursuant to this subsection (7).
(8) (a) The regional navigation campuses cash fund, referred to in this section as the fund, is created in the state treasury. The fund consists of money transferred to the fund pursuant to subsection (7) of this section and any other money that the general assembly may appropriate or transfer to the fund.
(b) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund. Except as otherwise required by this subsection (8)(b), all money not expended or encumbered, and all interest earned on the investment or deposit of money in the fund, remains in the fund and does not revert to the general fund or any other fund at the end of any fiscal year. The money in the fund is continuously appropriated to the department of local affairs for use by the division for the purposes of this section.
(c) For state fiscal year 2022-23, the general assembly shall appropriate money from the fund to the department of human services for the implementation of this section.
(d) A grant recipient must expend or obligate any money received pursuant to this section in accordance with section 24-75-226 (4)(d).
(e) On June 30, 2025, the state treasurer shall transfer from the fund to the general fund fifteen million three hundred sixty thousand eight hundred fifty-two dollars that did not originate from the money the state received from the federal coronavirus state fiscal recovery fund.
Source: L. 2022: Entire section added, (HB 22-1378), ch. 287, p. 2055, � 2, effective May 31; (8)(d) amended, (HB 22-1411), ch. 271, p. 1959, � 13, effective May 31. L. 2023: (2), IP(3), (4), (5), (6), (7), (8)(a), and (8)(d) amended, (HB 23-1232), ch. 217, p. 1122, � 3, effective May 17. L. 2025: (8)(e) added, (SB 25-312), ch. 301, p. 1537, � 11, effective May 30.
Cross references: For the legislative declaration in HB 22-1378, see section 1 of chapter 287, Session Laws of Colorado 2022.
24-32-728. Mobile home park resident empowerment loan program - fund - creation - policies - report - legislative declaration - definitions. (1) The general assembly hereby finds and declares that:
(a) The COVID-19 pandemic has had devastating and uneven economic and health consequences across the state;
(b) Communities that faced economic, health, and social vulnerabilities before the pandemic began have been disproportionately affected by the public health and economic consequences of the pandemic;
(c) The pandemic and the recession following the pandemic have increased housing insecurity among vulnerable and low-income communities;
(d) Residents and home owners in mobile home parks are among those who have faced increased economic and housing insecurity in the wake of the COVID-19 pandemic;
(e) Over one hundred thousand people in Colorado live in mobile home parks, including many of the state's low-income workers, immigrants, older adults, individuals with disabilities, and veterans and their families;
(f) While mobile home parks are an important source of affordable housing and low-income home ownership opportunities for Colorado residents, the business model associated with mobile home parks creates unique and significant risks for mobile home owners and residents;
(g) Because mobile home owners often rent the land under their homes from a mobile home park owner or landlord, home owners may experience unpredictable housing cost increases, face costly moves, or lose the value of their home if the mobile home park owner sells the park or changes the use of the land;
(h) Residents and home owners in mobile home parks are therefore particularly vulnerable to housing insecurity and face disproportionate risks of homelessness or eviction as a result of the economic impacts of the COVID-19 pandemic;
(i) Colorado law provides opportunities for mobile home owners to purchase their mobile home parks when the park owner or landlord decides to sell the park to protect themselves from the risks associated with changes in mobile home park ownership;
(j) However, mobile home owners face obstacles in obtaining financing through traditional sources, stopping mobile home owners from taking advantage of the opportunity to purchase their mobile home parks. Even when mobile home owners can obtain traditional financing, the offers cannot compete with offers for cash at closing, preventing those mobile home owners from stewarding their parks to provide stability and build intergenerational wealth for themselves.
(k) Colorado is experiencing a lack of affordable housing at critical levels. The state continues to attract new residents and jobs, but with this growth has come ever-increasing housing prices, placing unsustainable demands on the state's limited housing stock. The affordable housing crisis has only been exacerbated by the COVID-19 pandemic.
(l) In 2021, the general assembly enacted House Bill 21-1329, which directed the executive committee of the legislative council to create a task force to meet during the 2021 legislative interim and issue a report with recommendations to the general assembly and the governor on policies to create transformative changes in the area of housing;
(m) The executive committee subsequently convened the affordable housing transformational task force and subpanel (task force), made up of legislators, executive branch members, and diverse stakeholders, including industry experts;
(n) The task force evaluated proposals and made recommendations to achieve a new vision for affordable housing, seeking to create an affordable housing system that, among other things, is affordable, overcomes disparities, builds wealth, is sustainable, and removes obstacles in order to support Coloradans and their housing needs;
(o) The task force recommended that the general assembly create a program to provide low-interest loans or grants, or both, for the preservation of naturally occurring affordable housing, such as mobile home parks, including the purchase of such affordable housing by mobile home owners or community or nonprofit organizations in their communities to prevent eviction and displacement, and build capacity, especially among communities disproportionately disadvantaged and impacted by COVID-19;
(p) Establishing a revolving loan and grant fund to help provide technical assistance and secure financing for mobile home owners to organize and purchase their mobile home parks can support long-term affordable housing security in the state by allowing mobile home owners to purchase the land that their mobile homes occupy to protect themselves from the risks and insecurities they currently face with the turnover in mobile home park ownership;
(q) Programs to support long-term housing security, including the development of affordable housing and the provision of financial services for the unbanked and underbanked, are essential to address the affordable housing crisis in Colorado and to protect and preserve Colorado's largest source of unsubsidized affordable housing;
(r) Creating a revolving loan and grant program for mobile home park residents to organize and purchase their mobile home parks responds to the negative economic impacts of the COVID-19 pandemic by helping residents who are often low income and who face disproportionate risks of housing insecurity become more secure while developing long-term affordable housing security for Colorado;
(s) By creating long-term, sustainable sources of affordable housing for Colorado residents, the revolving loan and grant program serves an important and discrete public purpose in securing the state's economic and overall recovery from the crisis caused by COVID-19; and
(t) Supporting the state's recovery from the crisis caused by COVID-19 and supporting long-term housing security through the preservation and development of affordable housing is the primary purpose of the revolving loan and grant program and outweighs any benefit to private individuals or entities.
(2) As used in this section, unless the context otherwise requires:
(a) Administrator means an entity that the division contracts with pursuant to subsection (3) of this section to administer the loan program.
(b) Department means the department of local affairs.
(c) Eligible home owners means a group or association of mobile home owners or their assignees seeking to purchase a mobile home park pursuant to section 38-12-217.
(d) Fund means the mobile home park resident empowerment loan and grant program fund established in subsection (10) of this section.
(e) Program or loan program means a mobile home park resident empowerment loan program established in accordance with this section.
(3) (a) The division shall contract with at least two and not more than three administrators to establish a mobile home park resident empowerment loan program in accordance with this section; except that, if the division finds that there is only one qualified applicant in an open and competitive selection process, the division may contract with a single administrator. The purpose of the program is to provide both acquisitions and capital improvement financing to eligible home owners in order to allow them to purchase their mobile home park pursuant to section 38-12-217. An administrator must be a business nonprofit organization, nondepository community development financial institution, business development corporation, or other entity as determined by the division. The division shall use an open and competitive process to select the administrator or administrators for the program.
(b) In selecting an administrator or administrators, the division shall give priority to applicants that demonstrate:
(I) Operational capacity to deploy the program money for the intended purpose;
(II) Proficiency in financial management and public reporting systems;
(III) The ability to leverage additional public or private capital to provide loans to eligible home owners; and
(IV) A track record of distributing grant or loan funds in an efficient manner.
(4) (a) Notwithstanding any restriction on the investment of state money set forth in section 24-36-113 or any other provision of law, subject to the availability of money in the fund and the requirements of this section, the division may transfer money from the fund to an administrator pursuant to a contract to establish a loan program in accordance with this section. An administrator shall use the money provided to make loans to eligible home owners.
(b) A contract with an administrator may include an administration fee established by the division at an amount reasonably calculated to cover the administrative costs of the division in implementing and overseeing the program. A contract with an administrator may require the administrator to repay all lending capital that is not committed to loans under the program and all principal and interest that is repaid by borrowers under the program at the end of the contract period if, in the judgment of the division, the administrator has not performed successfully under the terms of the contract. The division may redeploy money repaid under this subsection (4)(b) through a contract with another new or existing administrator.
(c) In developing performance benchmarks and performance reviews for administrators, the division shall consult with eligible home owners and individuals and groups supporting eligible home owners, including those who have successfully purchased their mobile home park or who have attempted to purchase their mobile home park under section 38-12-217.
(5) (a) An administrator shall establish and publish policies for the loan program, which must meet any criteria or terms established by the division. At a minimum, the policies must address:
(I) The process and deadlines for applying for and receiving a loan under the program, including the information and documentation required for the application;
(II) Eligibility criteria for eligible home owners applying to the program;
(III) Maximum assistance levels for loans;
(IV) Loan terms, including interest rates and repayment terms, including delinquencies, cures, and default terms;
(V) Foreclosure terms;
(VI) Reporting requirements for recipients;
(VII) Program fees, including the application fee, origination fee, and closing costs policies;
(VIII) Underwriting and risk management policies;
(IX) The extent to which the loan terms will result in affordable rents and minimal displacement for currently eligible home owners;
(X) The extent to which loan terms and approval processes will facilitate offers by eligible home owners that are competitive to other market offers;
(XI) The feasibility and long-term sustainability of governance and management structures supported by home owner purchase loans, and the extent to which such structures, loan terms, and administration may disadvantage some communities and community members; and
(XII) Any additional policies necessary to administer the program.
(b) The policies established by an administrator must allow a previously submitted application or an approved loan to be transferred to an assignee if a group or association of home owners provide written notice of an assignment executed pursuant to section 38-12-217 (8).
(c) The policies required by this subsection (5) shall be developed and implemented with a goal of generating enough return to replenish the program for future loan allocations.
(6) In determining the eligibility of applicants and the size and terms of loans, the administrator shall prioritize low-income communities and other communities that have faced disproportionate impacts from the COVID-19 pandemic.
(7) (a) The division shall establish a grant program to provide grants to one or more nonprofit organizations to provide technical and other assistance to eligible home owners seeking to organize and purchase their mobile home park.
(b) The division shall establish and publicize policies for the grant program. At a minimum, the policies must address:
(I) The process and any deadlines for applying for and receiving a grant under the program, including the information and documentation required for the application;
(II) Eligibility and selection criteria for nonprofit organizations applying to receive grants;
(III) Maximum grant sizes;
(IV) Any additional specifications or criteria for the uses of the grant money allowed by subsection (7)(c) of this section;
(V) Any reporting requirements for recipients; and
(VI) Any additional policies necessary to administer the program.
(c) Grant recipients may use grant money:
(I) To provide technical assistance to eligible home owners seeking to organize to purchase their mobile home park in accordance with this section;
(II) To provide additional assistance to eligible home owners, including by conducting assessments of the physical condition of mobile home parks subject to purchase, procuring or providing legal or law-related services, providing earnest deposits or pre-paid escrow, providing supplemental financial services, or providing additional technical and administrative assistance after a successful purchase; and
(III) For other related uses identified by the division.
(d) Subject to available appropriations, grants may be paid from the fund and from any additional funding source for which the division has spending authority for this purpose.
(8) (a) The division shall establish a grant program to provide grants to eligible home owners in order to support and maintain the long-term affordability of a resident owned mobile home park.
(b) The division shall establish and publicize policies for the grant program. At a minimum, the policies must address:
(I) The process and any deadlines for applying for and receiving a grant under the program, including the information and documentation required for the application;
(II) Eligibility and selection criteria for eligible home owners applying to receive grants;
(III) Maximum grant sizes;
(IV) Reporting requirements for recipients;
(V) Criteria for the types of rent stabilization and affordability programs supported by the program; and
(VI) Any additional policies necessary to administer the program.
(c) Grant recipients may use grant money for programs to stabilize lot rents and limit rent increases in the park in order to ensure the long-term affordability of the park.
(d) Subject to available appropriations, grants may be paid from the fund and from any additional funding source for which the division has spending authority for this purpose.
(9) The division may seek, accept, and expend gifts, grants, or donations from private or public sources for the purposes of this section. The division shall transmit all money received through gifts, grants, or donations to the state treasurer, who shall credit the money to the fund.
(10) (a) The mobile home park resident empowerment loan and grant program fund is hereby created in the state treasury. The fund consists of any money that the general assembly appropriates or transfers to the fund and any gifts, grants, or donations credited to the fund pursuant to subsection (9) of this section.
(b) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund.
(c) Money in the fund is continuously appropriated to the department for the purposes specified in this section. The department may use up to five percent of the money appropriated, transferred, or repaid under a contract with an administrator to the fund to pay for its direct and indirect costs in administering this section.
(d) On July 1, 2022, the state treasurer shall transfer thirty-five million dollars of money from the affordable housing and home ownership cash fund, created in section 24-75-229 (3)(a), that originates from the general fund to the fund.
(11) The department shall annually report on the loan and grant programs established in this section as part of its State Measurement for Accountable, Responsive, and Transparent (SMART) Government Act presentation required by section 2-7-203.
Source: L. 2022: Entire section added, (SB 22-160), ch. 171, p. 1108, � 1, effective May 17.
24-32-729. Transformational affordable housing through local investments - grant program - investments eligible for funding - report - definitions - repeal. (1) Definitions. As used in this section, unless the context otherwise requires:
(a) Community partner means a nonprofit organization that undertakes any of the activities or services described in subsection (2)(b) of this section.
(b) Department means the department of local affairs.
(c) Eligible recipient means a local government or a community partner that applies for a grant through the grant program.
(d) Fund means the local investments in transformational affordable housing fund created in subsection (4)(a) of this section.
(e) Grant program means the local investments in transformational affordable housing grant program created in subsection (2)(a) of this section.
(f) Local government means a county, municipality, city and county, tribal government, special district organized under title 32, school district, district, housing authority, council of governments, a regional planning commission organized under title 30, or any other political subdivision of the state.
(g) Match means monetary and nonmonetary contributions to a project.
(2) Creation of the grant program - projects or programs eligible for funding. (a) There is created in the division the local investments in transformational affordable housing grant program to provide grants to eligible recipients to enable such entities to make investments in their communities or regions of the state in transformational affordable housing and housing related matters in accordance with the requirements of this section. The division shall administer the grant program.
(b) The division may award grants under the grant program to support investments by eligible recipients in projects or programs that:
(I) Develop and integrate infrastructure tied to an affordable housing development, including funding for capital construction and the cost of infrastructure design;
(II) Provide gap financing for housing development projects including but not limited to transactions under the federal low-income housing tax credit and the affordable housing tax credit created in section 39-22-2102 (1) and for the purchase or conversion of existing affordable housing and multifamily developments, land, and buildings, particularly in communities where efforts have been made to encourage affordable housing development or in communities in which low concentrations of affordable housing exist;
(III) Increase new affordable for-sale housing stock by providing funding to assist with the costs of construction, including but not limited to construction costs, land acquisition costs, tap fees, building permits, and impact fees;
(IV) Maintain existing affordable housing through funding for preservation, restoration through rehabilitation, retrofitting, renovation, capital improvements, the repair of current affordable housing stock, including housing made available under 42 U.S.C. sec. 1437f, and public housing for populations and households disproportionately impacted by the COVID-19 pandemic with commitments for long-term affordability. These investments may include but are not limited to:
(A) Senior housing;
(B) Remediation of low-quality and condemned properties;
(C) Housing units that are integrated into nonsegregated housing units that are specifically designed for people living with disabilities;
(D) The purchase and transition of current housing stock, including properties currently in use on a short-term rental basis, into affordable housing on a long-term basis; and
(E) The provision of time-limited rental assistance for households disproportionately impacted by the COVID-19 pandemic and at-risk of losing their home or in need of rapid re-housing, including funding for outreach, housing navigation assistance, and legal services;
(V) Finance energy improvements in single-family and multifamily affordable housing that will provide funding for incremental, up-front costs for efficient, electric measures and renewable energy systems for both existing homes and rental units and new housing construction;
(VI) Provide or maintain property conversion for transitional or long-term housing;
(VII) Provide or maintain permanent supportive housing and supportive services;
(VIII) Provide or maintain land banking and land trust strategies for long-term affordable housing planning and development; and
(IX) Provide or maintain funding for eviction legal defense.
(3) Policies, procedures, and guidelines. (a) On or before September 1, 2022, the division shall adopt policies, procedures, and guidelines for the grant program that include, without limitation:
(I) The process by which a local government or community partner applies for a grant award and the criteria used to determine eligibility for a grant award;
(II) Procedures and time lines by which an eligible recipient may apply for a grant;
(III) Performance criteria for grant recipients' projects;
(IV) Reporting requirements for grant recipients; and
(V) Requirements for grant recipients to offer a match in resources.
(a.5) The application process for the grant program must be in accordance with the process set forth in section 24-32-705.7. On or before September 1, 2024, the division shall amend any policies, procedures, and guidelines for the grant program that are not consistent with the application process set forth in section 24-32-705.7.
(b) In awarding grants, the division shall prioritize projects or programs that, to the greatest extent practicable, promote one or more of the following goals and objectives:
(I) Increase the supply of housing in urban, rural, and rural resort communities across the state that is proportional to each community's demonstrated need through:
(A) A preference for mixed-income projects in which a percentage of units, proportional to the demonstrated housing needs of the local community, within a particular development have restricted availability to households at and below the income levels specified in subsection (3)(c) of this section. The percentage of restricted units and affordability levels must comply with laws enacted by local governments promoting the development of new affordable housing units pursuant to section 29-20-104 (1);
(B) Developments in which housing units are restricted at income levels demonstrated by local community needs as specified in subsection (3)(c)(I) of this section;
(C) Transit oriented development;
(D) The inclusion of housing units that are restricted for rental usage to persons with disabilities or that include universal design features that allow individuals to continue to reside in their dwelling units as they age; or
(E) Housing that is restricted to the victims of domestic violence or sexual assault;
(II) Leverage capital and operating subsidies from various public and private sources;
(III) Create opportunities to build intergenerational wealth for families;
(IV) Promote the long-term affordability of any developments or projects that are funded by the grant program;
(V) Involve the purchase of real property necessary to secure land areas needed for future development; or
(VI) Represent a one-time funding proposal to the state with minimal or no multi-year financial obligations and contribute to the overall well-being and professional and recreational needs of the local workforce and population.
(c) The rental and home ownership targets applicable to local communities across the state as required by subsection (3)(b)(I) of this section are specified in subsection (3)(c)(I) of this section in accordance with the following:
(I) (A) For a household residing in housing on a rental basis in urban counties, housing must be targeted to households with an annual income that is at or below eighty percent of the area median income of households of that size in the county in which the housing is located.
(B) For a household residing in housing on a rental basis in rural counties, housing must be targeted to households with an annual income that is at or below one hundred forty percent of the area median income of households of that size in the county in which the housing is located.
(C) For a household residing in housing on a rental basis in rural resort counties, housing must be targeted to households with an annual income that is at or below one hundred seventy percent of the area median income of households of that size in the county in which the housing is located.
(D) For a household residing in housing on a home ownership basis in any area of the state, housing must be targeted to households with an annual income that is at or below one hundred forty percent of the area median income of households of that size in the county in which the housing is located.
(II) Not later than September 1, 2022, the division shall classify each county in the state as urban, rural, or rural resort, as those terms are used in this section, based upon definitions of the terms as specified in the final report of the Colorado strategic housing working group final report dated July 6, 2021. The division shall regularly update and publish modification of the initial classification of a particular county as it receives information documenting changes in local economic circumstances and housing cost factors materially affecting such classifications.
(III) Notwithstanding subsection (3)(c)(I) or (3)(c)(II) of this section, any county or municipality may request from the division:
(A) A determination that a different income restriction should apply to that county or municipality from the one made applicable to the county or municipality in accordance with subsection (3)(c)(I) of this section based upon the unique economic and housing cost factors present in the county or municipality. Not later than September 1, 2022, the division shall publish any such modified income restrictions and the basis for any modification approved.
(B) At any time, a reclassification of the county or municipality from the category in which the county or municipality is initially classified pursuant to subsection (3)(c)(II) based upon the unique economic and housing cost factors present in the county or municipality.
(d) The division shall either create or utilize an existing process that ensures that grants are only considered and awarded after a fair and rigorous open competition among eligible grant recipients.
(e) In determining grant amounts, the division shall seek to increase investments in for-sale housing stock. The objective described in this subsection (3)(e) may be achieved by providing grants under the grant program that are layered with awards under existing state grant programs to increase subsidies on a per-unit basis.
(f) Notwithstanding any other provision of this section:
(I) Through December 31, 2023, the division shall make not more than fifty percent of the money available under the grant program for grant applications, developments, or programs that are proposed for rural or rural resort counties across the state and shall make not more than fifty percent of the funds available under the grant program for grant applications, developments, or programs that are proposed for urban counties across the state.
(II) After December 31, 2023, all unencumbered money available under the grant program may be expended in accordance with this section in any area of the state without regard to the restrictions specified in subsection (3)(f)(I) of this section.
(III) Not later than July 15, 2023, the division shall submit a report to the general assembly specifying the state of encumbered money under the grant program as of June 30, 2023, and a list of projects that have been approved but that are awaiting funding as of June 30, 2023.
(g) In light of differing needs for per housing unit subsidies across different areas of the state, the division may waive per unit subsidy amounts that have been initially set for particular projects or programs to adjust for market factors if the purpose of the project has been accomplished or to satisfy the intent of the grant award.
(h) Notwithstanding any other provision of this section, the amount of any grant award under the grant program and any restrictions or conditions placed upon the use of grant money awarded is within the discretion of the division in accordance with the requirements of this section.
(i) To mitigate the severe housing challenges in rural communities and rural resort communities, a project in a rural community or rural resort community that is subsidized by a grant award may prioritize providing affordable housing for enrolled postsecondary students, local college district employees, and local government employees in buildings on land owned and controlled by a local college district.
(4) Funds. (a) The local investments in transformational affordable housing fund is created in the state treasury. The fund consists of money transferred to the fund pursuant to subsection (4)(c) of this section; money appropriated to the fund by the general assembly; and any gifts, grants, or donations from any public or private sources, including governmental entities, that the division is authorized to seek and accept.
(b) The state treasurer shall credit all interest and income derived from the investment and deposit of money in the fund to the fund. Except as otherwise required by this subsection (4)(b), all money not expended or encumbered, and all interest earned on the investment or deposit of money in the fund, must remain in the fund and shall not revert to the general fund or any other fund at the end of any fiscal year. The money in the fund is continuously appropriated to the division for the purposes of this section. Any money in the fund that originates from the money the state received from the coronavirus state fiscal recovery fund that is not expended or obligated by December 30, 2024, reverts to the American Rescue Plan Act of 2021 cash fund created in section 24-75-226 (2) in accordance with section 24-75-226 (4)(d).
(c) On June 1, 2022, or as soon as practicable thereafter, the state treasurer shall transfer one hundred thirty-eight million dollars from the affordable housing and home ownership cash fund created in section 24-75-229 (3)(a) that originates from money the state received from the federal coronavirus state fiscal recovery fund to the fund. The money transferred pursuant to this subsection (4) must only be used for:
(I) Making grants to eligible recipients pursuant to the grant program; and
(II) The costs of administering the grant program as may be incurred by the division. The department may expend up to six percent of the money appropriated or transferred to the fund to pay for its direct and indirect costs in administering the grant program. All such administrative costs must be paid out of the money transferred to the fund pursuant to this subsection (4)(c).
(d) On June 30, 2025, the state treasurer shall transfer from the fund to the general fund seventeen million five hundred twenty-two thousand five hundred ninety dollars and fifty-five cents that did not originate from the money the state received from the federal coronavirus state fiscal recovery fund.
(5) Reporting. (a) In connection with the public report the division prepared in accordance with section 24-32-705.5 (1), for the report prepared in 2023 and 2024, the division shall include in the report information summarizing the use of all of the money that was awarded as grants from the grant program in the preceding state fiscal year. At a minimum, the information included in the report pertaining to the grant program must specify the number of local governments or community partners that applied for a grant award, including the number of local governments or community partners that were not awarded a grant; the amount of grant money distributed to each grant recipient; a description of each grant recipient's use of the grant money; and how the use of the grant awarded furthered the vision of transformational affordable housing described in the final report of the task force established in section 24-75-229 (6)(a). The division shall also include in the report its recommendations concerning future administration of the grant program.
(b) The division and any person that receives money from the division pursuant to the grant program shall comply with the compliance, reporting, record-keeping, and program evaluation requirements established by the office of state planning and budgeting and the state controller in accordance with section 24-75-226 (5).
(6) Repeal. This section is repealed, effective December 31, 2026.
Source: L. 2022: Entire section added, (HB 22-1304), ch. 290, p. 2072, � 2, effective June 1. L. 2024: (4)(b) amended, (HB 24-1466), ch. 429, p. 2938, � 19, effective June 5; (3)(a.5) added, (HB 24-1308), ch. 295, p. 2014, � 8, effective August 7; (3)(i) added, (HB 24-1131), ch. 65, p. 217, � 3, effective August 7. L. 2025: (4)(d) added, (SB 25-312), ch. 301, p. 1536, � 9, effective May 30.
Cross references: For the legislative declaration in HB 22-1304, see section 1 of chapter 290, Session Laws of Colorado 2022. For the legislative declaration in HB 24-1308, see section 1 of chapter 295, Session Laws of Colorado 2024. For the legislative declaration in HB 24-1466, see section 1 of chapter 429, Session Laws of Colorado 2024.
24-32-730. Ridge View Supportive Residential Community at the Ridge View campus - report - legislative declaration. (1) Legislative declaration. (a) The general assembly hereby finds, determines, and declares that:
(I) As the United States department of housing and urban development stated after the passage of the American Rescue Plan Act of 2021, the COVID-19 pandemic has exacerbated our nation's already severe housing affordability crisis;
(II) Today, one in five renters is behind on rent and just over ten million home owners are behind on mortgage payments;
(III) People of color face even greater hardships and are more likely to have deferred or missed payments, putting them at a greater risk of eviction and foreclosure;
(IV) At the same time, our nation's homelessness crisis has worsened during the pandemic, as people experiencing homelessness are highly vulnerable to COVID-19 transmission, illness, and severity due to their use of congregate shelters and their high prevalence of underlying health conditions;
(V) Colorado is no exception, as the COVID-19 pandemic has hit low- and extremely low-income individuals and families who were already severely cost-burdened, increasing their risk of experiencing homelessness or inability to resolve their homelessness;
(VI) In the Denver metro area alone, shelters saw a ninety-nine percent increase in people experiencing homelessness for the first time from January 2020 to January 2021; and
(VII) The number of deaths due to overdose among people experiencing homelessness in the city and county of Denver increased by thirty-four percent from 2020 to 2021.
(b) The general assembly further finds and declares that:
(I) The Ridge View campus, that formerly operated as the Ridge View Youth Services Center, is no longer being used as of July 1, 2021, and the state has the opportunity to repurpose the campus to ensure that it continues to support Coloradans most in need;
(II) Converting the Ridge View campus into a recovery-oriented community for individual adults without stable housing who wish to focus on recovery from a substance use disorder will provide low-barrier access to comprehensive care and treatments and will allow people to recover and heal in a safe and stable environment;
(III) The Ridge View Supportive Residential Community at the Ridge View campus will include multiple components to provide comprehensive support across a continuum of substance use recovery treatments and programming, and the goal will be to have individuals leave the Ridge View Supportive Residential Community in active recovery and improved health so they can transition to stable housing and community-based supports, as well as employment where possible;
(IV) While the Ridge View campus will serve an important need as a recovery-oriented community pursuant to this section, the state continues to experience a youth mental health crisis. Colorado remains committed to addressing the behavioral health crisis through collaboration across state government to ensure that children have access to the care they need in the most appropriate setting.
(V) Providing support and programming pursuant to this section at the Ridge View Supportive Residential Community is an important government service.
(2) Administration. (a) Beginning July 1, 2022, the Ridge View campus is designated as a supportive residential community for people experiencing homelessness that shall be known as the Ridge View Supportive Residential Community. The purpose of the Ridge View Supportive Residential Community is to provide transitional housing, a continuum of behavioral health services and treatment, medical care, vocational training, and skill development for the residents and the general public. The department of human services shall transfer ownership of all or part of the Ridge View campus to the department of personnel for use by the division of housing for the purposes of this section. The department of human services may retain ownership of any vacant portion of the Ridge View campus that is not required for the purposes specified in this section and use, or allow another state agency to use, any such portion of the Ridge View campus for any other lawful purpose.
(b) The division, in collaboration with the behavioral health administration, created in part 2 of article 60 of title 27, and the department of human services, shall develop a feasible master plan for the redevelopment and operation of the Ridge View campus into the Ridge View Supportive Residential Community, including a financial plan for start-up and ongoing operational costs. The division shall enter into one or more contracts with public or private contractors to establish the community. The contractor or contractors selected by the division must be experienced in providing statewide integrated housing, health care, recovery treatment, and supportive service programs for people experiencing homelessness or similar populations.
(c) The Ridge View Supportive Residential Community shall provide food and room and board to each individual while residing at the community at no cost to the individual.
(d) The department of human services, in partnership with the behavioral health administration and the department of health care policy and financing, will work to ensure that youth bed capacity will be created elsewhere in a manner that most appropriately serves the mental health needs of Colorado's youth.
(3) Transitional housing program. (a) The Ridge View Supportive Residential Community shall provide transitional housing for individual adults for up to two years with case management, care coordination, and vocational and housing placement assistance. In alignment with best practices, the transitional housing program shall provide case managers and peer supports at an average ratio of one case manager for every fifteen transitional housing residents.
(b) The transitional housing program shall:
(I) Focus on person-centered goal planning and care coordination;
(II) Connect individuals to permanent housing options in their community of choice;
(III) Provide employment assistance such as career and technical education and individual placement and support; and
(IV) Connect individuals to safety-net programs for which they are eligible, such as SNAP, Medicaid, SSI, SSDI, TANF, housing voucher programs, and unemployment insurance benefits.
(4) Substance use recovery treatment and services. The Ridge View Supportive Residential Community shall provide a continuum of care informed by American Society of Addiction Medicine standards, which shall be available to people coming from the transitional housing program and to the general public deemed to be in medical need of the care.
(5) Federally qualified health center. The Ridge View Supportive Residential Community shall provide a federally qualified health center, as defined in the federal Social Security Act, 42 U.S.C. sec. 1395x (aa)(4), or other primary care clinic, at which people have access to medical treatments that help facilitate recovery, including medical and dental care and a continuum of behavioral health services. The health center and all treatment services provided by the center shall be accessible to people in the transitional housing program and to members of the general public deemed to be in medical need of the treatment.
(6) Eligibility (a) To be eligible to reside in and receive services at the transitional housing program, an individual must be:
(I) Experiencing homelessness or be at risk of experiencing homelessness;
(II) Choosing to focus on recovery voluntarily; and
(III) In a position where it is medically safe for the individual to be in transitional housing.
(b) The Ridge View Supportive Residential Community shall prioritize access for individuals based on need, the length of time the individual has been experiencing homelessness, with priority for individuals who have been experiencing homeless for the longest period, and the frequency with which the individual uses public systems, with priority for individuals who are the most frequent users of such systems.
(7) Referral coordination. The organization or organizations that administer the Ridge View Supportive Residential Community shall work with local providers across the state to set up a referral system for clients to live at the community. The referral system shall emphasize the criteria specified in subsection (6) of this section, coordinate transportation to and from the Ridge View Supportive Residential Community, and assist individuals in the transition back to the general community after residing at the Ridge View Supportive Residential Community.
(8) Source of money for repurposing the Ridge View campus. (a) For the 2022-23 state fiscal year, the general assembly shall appropriate forty-five million dollars from the economic recovery and relief cash fund created in section 24-75-228 (2)(a) to the division for the purposes of this section. Any money appropriated in the 2022-23 state fiscal year that is not encumbered or expended at the end of that state fiscal year remains available for expenditure by the division in subsequent state fiscal years without further appropriation, subject to the requirements for obligating and expending money received under the federal American Rescue Plan Act of 2021, Pub.L. 117-2, as specified in section 24-75-226 (4)(d).
(b) The division may use up to ten percent of the amount appropriated pursuant to this section for its costs associated with administering the requirements of this section, including the requirements specified in subsection (2)(b) of this section.
(c) The division shall use up to ten percent of the amount appropriated pursuant to subsection (8)(a) of this section for its costs in connection with transportation.
(9) Reporting requirement. (a) The division shall comply with the compliance, reporting, record-keeping, and program evaluation requirements established by the office of state planning and budgeting and the state controller in accordance with section 24-75-226 (5).
(b) In addition to the reporting requirements specified in subsection (9)(a) of this section, the division shall prepare an annual report regarding the operations of the Ridge View Supportive Residential Community, including an update on the implementation of this section, the success of the programs required by subsections (3), (4), and (5) of this section, the number of people who have received services at the Ridge View Supportive Residential Community, the contractors that the division selected to establish and operate the Ridge View Supportive Residential Community pursuant to subsection (2)(b) of this section, and any other information deemed relevant by the division. The division shall submit the report to the committees of reference of the senate and the house of representatives that have oversight over local affairs. In addition, the division shall update its committee of reference as a part of its presentation at a hearing held pursuant to section 2-7-203 (2)(a) of the State Measurement for Accountable, Responsive, and Transparent (SMART) Government Act, regarding the implementation of this section and the operation of the Ridge View Supportive Residential Community. Notwithstanding the requirement in section 24-1-136 (11)(a)(I), the requirement to submit the report required in this subsection (9)(b) continues indefinitely.
Source: L. 2022: Entire section added, (SB 22-211), ch. 288, p. 2059, � 2, effective May 31. L. 2024: (3)(b)(III) amended, (HB 24-1450), ch. 490, p. 3417, � 47, effective August 7.
24-32-731. Revolving loan fund - eligible projects - report - definitions - legislative declaration. (1) Definitions. As used in this section, unless the context otherwise requires:
(a) Administrator means a third-party entity or entities that the division contracts with to administer all or any part of the loan program pursuant to subsection (2)(b) of this section.
(b) Community partner means a nonprofit organization that undertakes any of the activities or services described in subsection (3) of this section.
(c) Department means the department of local affairs.
(d) Eligible recipient means a local government, a for-profit developer, a community partner, or a political subdivision of the state that applies for a loan through the loan program.
(e) Fund means the transformational affordable housing revolving loan fund created in subsection (9)(a) of this section.
(f) Loan program means the transformational affordable housing revolving loan fund program created in subsection (2)(a) of this section.
(g) Local government means a county, municipality, city and county, tribal government, special district organized under title 32, school district, district, or a housing authority created under part 2 of article 4 of title 29.
(2) Creation of loan program - administration. (a) The transformational affordable housing revolving loan fund program is hereby created in the division as a revolving loan program in accordance with the requirements of this section and the policies established by the division pursuant to subsection (5) of this section. The loan program is established to provide flexible, low-interest, and below-market rate loan funding to assist eligible recipients in completing the eligible loan projects identified in subsection (3) of this section.
(b) The division may administer the loan program or, if it determines that it would be more efficient and effective to contract out full or partial administration of the program, it may enter into a contract with a business nonprofit organization, bank, nondepository community development financial institution, business development corporation, nonprofit organization that administers gap financing, construction, or mortgage loan programs, or other entity as determined by the division to administer the loan program in whole or in part. If the division contracts with an entity or entities to administer the program, the division shall use an open and competitive process to select the entity or entities. A contract with an administrator may include an administration fee established by the division at an amount reasonably calculated to cover the ongoing administrative costs of the division in overseeing the loan program. The division may advance money to an entity under a contract in preparation in the form of a grant or payment for issuing loans and administering the loan program.
(c) The division may work with the Colorado housing and finance authority, created in section 29-4-704 (1), to assist in offering loans under the loan program.
(d) Any loan made under the loan program by the state, any department, division, or agency of the state, or any administrator to a district, as defined in section 20 (2)(b) of article X of the state constitution, must either be approved by the voters of the district in accordance with section 20 (4)(b) of article X of the state constitution or be structured so that it is not a multiple-fiscal year direct or indirect district debt or other financial obligation whatsoever that requires voter approval under section 20 (4)(b) of article X of the state constitution.
(3) Eligible loan projects. In order to receive loan funding under the loan program, the project for which the loan applicant seeks loan funding must do one or more of the following:
(a) Develop and integrate housing-related infrastructure to offset construction and predevelopment costs;
(b) Provide gap financing for housing development, including transactions under the federal low-income tax credit defined in section 39-22-2101 (7) and the affordable housing tax credit created in section 39-22-2102 (1). For purposes of this subsection (3)(b), gap financing includes financing mechanisms that allow persons seeking affordable housing to purchase existing affordable housing, multi-family structures, land, and buildings, particularly in communities where efforts have been made to encourage affordable housing development or in communities in which low concentrations of affordable housing exist.
(c) Increase the supply of new affordable for-sale housing stock by providing funding to assist with the cost of construction, including but not limited to costs associated with construction costs, land acquisition, tap fees, building permits, or impact fees;
(d) Maintain existing affordable housing through funding for the preservation and restoration of affordable housing stock through rehabilitation, retrofitting, renovation, capital improvements, and repair of current affordable housing stock, including housing made available under 42 U.S.C. sec. 1437f and affordable housing for populations and households disproportionately impacted by the COVID-19 pandemic with commitments for long-term affordability. The uses covered by this subsection (3)(d) must include investments in one or more of the following:
(I) Senior housing;
(II) The purchase of and the remediation of low-quality or condemned properties;
(III) Housing units, integrated into nonsegregated housing developments, specifically designed for people living with disabilities;
(IV) Weatherization and energy improvements to multi-family and singe-family residents to maintain and improve the quality of affordable homes and rental units;
(V) The purchase and transition of current housing stock into affordable housing, including properties currently in use on a short-term rental basis;
(VI) Programs or initiatives to ensure that existing housing remains affordable for local workforce or community households;
(VII) Land acquisition for affordable housing;
(VIII) Property conversion and adaptive reuse; or
(IX) Permanent supportive housing;
(e) Finance energy improvements in affordable housing, which will provide funding for incremental up-front costs for efficient, electric measures, and renewable energy systems for both existing buildings and new housing construction;
(f) Create permanently or long-term affordable homeownership opportunities.
(4) Loan program goals. (a) The loan program must be administered with a goal of generating enough return on loans made under the loan program to replenish the loan program for future loan allocations.
(b) All loans financed through the loan program must offer flexible terms and low-interest and below-market rates.
(5) Loan program policies - eligibility for loan funding. (a) The division or the administrator, as applicable, shall establish and publicize policies for the loan program. At a minimum, the policies must address:
(I) The process and deadlines for applying for and receiving a loan under the loan program, including the information and documentation required for a loan application;
(II) Eligibility criteria for individuals or entities applying for a loan under the loan program;
(III) The maximum assistance levels for loans;
(IV) Loan terms, including interest rates and repayment terms;
(V) Reporting requirements for loan recipients;
(VI) Loan program fees, including the application fee, origination fee, and closing cost policies;
(VII) Underwriting and risk management policies;
(VIII) The amount of any application or origination fees and closing cost policies;
(IX) The means by which eligible recipients who face barriers in establishing borrower relationships with traditional lenders will be informed of the loan program and encouraged to apply for a loan financed through the loan program; and
(X) Any additional requirements that the division deems necessary to administer the loan program.
(a.5) The application process for the loan program must be in accordance with the process set forth in section 24-32-705.7. On or before September 1, 2024, the division shall amend any policies, procedures, and guidelines for the grant program that are not consistent with the application process set forth in section 24-32-705.7.
(b) (I) In connection with the policies for the loan program that the division or the administrator is required to establish and publicize pursuant to subsection (5)(a) of this section, the policies must specify that, in order for an eligible recipient to obtain loan funding directly from the division, an eligible recipient must follow procedures that shall be specified by the division to document the amount of leveraged funds proposed or committed as part of a loan application and the amount of funding sought from other sources, including demonstrated efforts by the eligible recipient to obtain financing for loan funding from financial institutions.
(II) Notwithstanding any other provision of law, a lien filed by the division, is superior only to any other lien placed on the same assets that is filed later in time except for a lien for unpaid property taxes.
(6) Prioritization criteria. (a) The general assembly hereby encourages the division, to the extent practicable, in reviewing loan applications, to consider prioritizing applications for projects that:
(I) Increase the supply of housing in communities across the state in proportion to each community's demonstrated housing needs through:
(A) A preference for mixed-income projects in which a percentage of units, proportional to the demonstrated housing needs of the local community, within a particular development have restricted availability to households at and below the income levels specified in subsection (6)(b)(I) of this section. The percentage of restricted units and affordability levels must comply with laws enacted by local governments promoting the development of new affordable housing units pursuant to section 29-20-104 (1).
(B) Developments in which housing units are restricted at income levels demonstrated by local community needs as specified in subsection (6)(b)(I) of this section;
(II) Are located in or serve communities that:
(A) Face barriers to accessing capital from traditional sources;
(B) Have suffered significant negative financial or other impacts resulting from the COVID-19 pandemic; or
(C) Are otherwise underserved;
(III) Align with other state economic development efforts;
(IV) Create permanently affordable home ownership opportunities;
(V) Ensure the long-term affordability of any development or projects funded by the loan program;
(VI) Include units that are restricted for rental usage to persons with disabilities or that include universal design features that allow individuals to reside in their dwelling units as they age; or
(VII) Are highly energy efficient or use high-efficiency electric equipment for space and water heating. The division may consult with the Colorado energy office created in section 24-38.5-101 (1) to develop criteria for meeting the objectives described in this subsection (6)(a)(VII).
(b) (I) The rental and home ownership targets applicable to local communities across the state as required by subsection (6)(a)(I) of this section are specified in this subsection (6)(b)(I) in accordance with the following:
(A) For a household residing in housing on a rental basis, annual income of the household is at or below one hundred twenty percent of the area median income of households of that size in the county in which the housing is located;
(B) For a household residing in housing on a home-ownership basis, annual income of the household is at or below one hundred twenty percent of the area median income of households of that size in the county in which the housing is located;
(C) For a household residing in housing on a rental basis in rural resort counties, annual income of the household is at or below one hundred forty percent of the area median income of households of that size in the county in which the housing is located; and
(D) For a household residing in housing on a home ownership basis in rural resort counties, annual income of the household is at or below one hundred sixty percent of the area median income of households of that size in the county in which the housing is located.
(II) An applicant seeking funding for a particular development, project, or program that is funded by the loan program may, at any time, request that the division grant the applicant an exception to the area median income levels specified in subsection (6)(b)(I) of this section based upon demonstrated unique economic and housing costs attributes in the local community in which the development, project, or program is located.
(c) (I) Not later than September 1, 2022, the division of housing, created in section 24-32-704 (1), shall classify each county in the state as urban, rural, or rural resort as used in subsection (6)(b)(I) of this section based upon the definitions of the terms as specified in the final report of the Colorado strategic housing working group final report, dated July 6, 2021. The division of housing shall regularly update and publish modifications of the initial classification of a particular county as it receives or produces information documenting changes in local economic circumstances and housing cost factors materially affecting such classifications.
(II) Notwithstanding subsection (6)(c)(I) of this section, any county may request from the division of housing:
(A) A determination that a different income restriction should apply to that county from the one made applicable to the county in accordance with subsection (6)(c)(I) of this section based upon the unique economic and housing cost factors present in the county. Not later than September 1, 2022, the division of housing shall publish any such modified income restrictions and the basis for any modification approved.
(B) At any time, a reclassification of the county from the category in which the county is initially classified pursuant to subsection (6)(c)(I) of this section based upon the unique economic and housing cost factors present in the county.
(d) To the extent practicable, the division and the administrator, as applicable, shall support innovative funding mechanisms that allow money to revolve quickly to ensure the rapid reuse of money for ongoing projects.
(7) Publicizing the loan program. The division shall work with the minority business office created in section 24-49.5-102, small business development centers, community development financial institutions, and stakeholder partners to promote the program to eligible recipients who primarily serve communities that are underserved or disadvantaged, including eligible recipients located in rural counties. On or before December 1, 2022, the division shall develop and administer a marketing initiative for the program in coordination with the minority business office created in section 24-49.5-102, the small business assistance center created in section 24-48.5-102, local chambers of commerce, and other local and regional economic development entities to promote the program to eligible recipients and target communities. The marketing initiative shall be conducted in the top spoken languages in those communities.
(8) Gifts, grants, and donations - leveraging federal money. (a) The division may seek, accept, and expend gifts, grants, or donations from private or public sources for the purposes of this section. The division shall transmit all money received through gifts, grants, or donations to the state treasurer, who shall credit the money to the fund.
(b) The division may expend, deploy, or leverage money received from federal government programs that support loans and investments for one or more of the eligible projects specified in subsection (3) of this section to make loans under the loan program or to otherwise market, promote, or support loans under the program, if allowed under federal law.
(9) Transformational affordable housing revolving loan fund - transfer of money to fund - payment of administrative costs - appropriation. (a) The transformational affordable housing revolving loan fund is hereby created in the state treasury. The fund consists of money transferred to the fund in accordance with subsection (9)(d) of this section, any other money that the general assembly appropriates or transfers to the fund, and any gifts, grants, or donations credited to the fund pursuant to subsection (8)(a) of this section.
(b) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund.
(c) Money in the fund is continuously appropriated to the department for the purposes specified in this section. The department may expend up to five percent of the money appropriated or transferred into, or repaid from, the fund on an annual basis to pay for its direct and indirect costs in administering this section.
(d) On July 1, 2022, the state treasurer shall transfer one hundred fifty million dollars from the affordable housing and home ownership cash fund created in section 24-75-229 (3)(a) that originates from the general fund, to the fund. The division shall use the money transferred pursuant to this subsection (9)(d) only for:
(I) Making loans to eligible recipients pursuant to the loan program; and
(II) The costs of administering the loan program as may be incurred by the division or the administrator, as applicable, in accordance with subsection (9)(c) of this section. All such administrative costs must be paid out of the money either transferred to the fund pursuant to this subsection (9)(d) or that is appropriated to the fund.
(10) Reporting. In connection with the public report the division prepares in accordance with section 24-32-705.5 (1), the division shall include in the report information summarizing the use of all of the money that was provided as a loan from the loan program in the preceding state fiscal year. At a minimum, the information included in the report pertaining to the loan program must specify the number of eligible recipients that applied for a loan, the number of eligible recipients that were not awarded a loan, the amount of loan money distributed to each loan recipient, a description of each loan recipient's use of the loan money, the use of loan money along the housing and income spectrums, the amount of time from completion of a loan application through the funding of a loan, recommendations concerning future administration of the loan program, and how the use of the loan furthered the vision of transformational affordable housing described in the final report of the task force established in section 24-75-229 (6)(a). The division shall also include in the report its recommendations concerning future administration of the loan program.
Source: L. 2022: Entire section added, (SB 22-159), ch. 230, p. 1698, � 2, effective May 26. L. 2024: (5)(a.5) added, (HB 24-1308), ch. 295, p. 2014, � 9, effective August 7.
Cross references: For the legislative declaration in SB 22-159, see section 1 of chapter 230, Session Laws of Colorado 2022. For the legislative declaration in HB 24-1308, see section 1 of chapter 295, Session Laws of Colorado 2024.
24-32-732. Connecting Coloradans experiencing homelessness with services, recovery care, and housing supports grant program - funding - report - definitions - repeal. (1) Definitions. As used in this section, unless the context otherwise requires:
(a) Community partner means a nonprofit organization that undertakes any of the activities or services described in subsection (2)(c) of this section.
(b) Department means the department of local affairs.
(c) Eligible recipient means a local government or a community partner that applies for a grant through the grant program.
(d) Fund means the connecting Coloradans experiencing homelessness with services, recovery care, and housing supports fund created in subsection (5)(a) of this section.
(e) Grant program means the connecting Coloradans experiencing homelessness with services, recovery care, and housing supports grant program created in subsection (2)(a) of this section.
(f) Local government means a county, municipality, city and county, tribal government, special district organized pursuant to title 32, school district, district, housing authority, council of governments, regional planning commission organized pursuant to title 30, or any other political subdivision of the state.
(g) Match means monetary and nonmonetary contributions to a project.
(2) Creation of the grant program - projects or programs eligible for funding. (a) There is created in the division the connecting Coloradans experiencing homelessness with services, recovery care, and housing supports grant program to provide grants to eligible recipients to enable them to make investments or improvements in their communities or regions of the state to:
(I) Quickly connect people experiencing homelessness to services, vocational opportunities, recovery care, and temporary and permanent housing in accordance with the requirements of this section; and
(II) Ensure Colorado has a community-based continuum of responses for people experiencing homelessness, including outreach support, emergency shelters, transitional housing, recovery care and related residential programs, training and employment service programs, and permanent housing with wraparound supportive services.
(b) The division shall administer the grant program.
(c) The division may award grants under the grant program to support eligible recipients in projects or programs that:
(I) Provide gap financing for the purchase or conversion of underutilized properties in communities where efforts have been made to encourage conversion of underutilized properties into transitional or supportive housing that provides wraparound services;
(II) Provide supportive services so long as the supportive services meet the grant program goals outlined in subsection (4) of this section. Such supportive services include those described in 42 CFR 578.53, or any successor regulation, and those determined by the division. Funds may be used to provide supportive services in conjunction with capital improvements and housing development projects or as standalone services that are provided to an individual through a service provider.
(III) Invest in data collection, management, and analysis processes to understand the scale of the need throughout the state and whether the activities and investments through this grant and other statewide programs could be effective at reducing the number of people experiencing homelessness;
(IV) Support the coordination and integration of systems to help connect people experiencing homelessness with services and programs that best fit their individual needs; and
(V) Fund housing development projects and homeless response programs that include but are not limited to:
(A) Emergency homeless shelters;
(B) Transitional and bridge housing;
(C) Long-term housing;
(D) Permanent supportive housing with supportive services;
(E) Recovery care and related residential programs;
(F) Affordable home ownership assistance;
(G) Affordable rental housing, including security deposit assistance;
(H) Educational and vocational opportunities; and
(I) Work-based learning opportunities.
(d) In order to receive a grant, an eligible recipient must provide a match in resources, as determined by the division.
(3) Policies, procedures, and guidelines. (a) The division shall develop policies, procedures, and guidelines for the grant program that, without limitation:
(I) Determine how grants funded by the grant program must be used;
(II) Establish criteria that the division must consider in awarding grants pursuant to this section. At a minimum, the criteria must include the consideration of:
(A) The potential impact of a project that an eligible recipient funds with a grant award and how the project meets the goals of the grant program; and
(B) Best practices, data, and regional and local collaboration.
(III) Establish the procedures and timelines by which an eligible recipient may apply for a grant;
(IV) Require grant recipients to offer a match;
(V) Require eligible recipients to demonstrate how the grant funds will be used to increase housing and economic security for individuals being served through the grant program activities and efforts;
(VI) Establish reporting requirements for grant recipients;
(VII) Establish performance criteria for grant recipients' projects;
(VIII) Provide any additional requirements that the division deems necessary to administer the grant program; and
(IX) Demonstrate the ability to leverage private capital, when possible.
(b) Notwithstanding any other provision of this section, the amount of any grant awarded under the grant program and any restrictions or conditions placed upon the use of grant money awarded is within the discretion of the division in accordance with the requirements of this section.
(4) Grant program goals. The grant program must be administered with the goal of reducing the rate and experience of homelessness by supporting communities to develop and implement adequate support systems to effectively respond to the barriers people experiencing homelessness face.
(5) Connecting Coloradans experiencing homelessness with services, recovery care, and housing supports fund - transfer of money to the fund - appropriation. (a) The connecting Coloradans experiencing homelessness with services, recovery care, and housing supports fund is created in the department. The fund consists of money transferred to the fund in accordance with subsection (5)(d) of this section; money transferred to the fund from the ARPA refinance state money cash fund pursuant to section 24-75-226.5; money appropriated to the fund by the general assembly; and any gifts, grants, or donations from any public or private sources, including governmental entities, that the division is authorized to seek and accept.
(b) The department shall credit all interest and income derived from the deposit and investment of money in the fund to the fund. All money not expended or encumbered, and all interest earned on the investment or deposit of money in the fund, remains in the fund and does not revert to the general fund or any other fund at the end of any fiscal year. The money in the fund is continuously appropriated to the department for the purposes specified in this section.
(c) The division may seek, accept, and expend gifts, grants, or donations from any public or private resource for the purposes of this section. The division shall transmit all money received from gifts, grants, or donations to the department, and the department shall credit the money to the fund.
(d) Within three business days of May 31, 2022, the state treasurer shall transfer one hundred five million dollars from the economic recovery and relief cash fund created in section 24-75-228 that originates from the money the state received from the federal coronavirus state fiscal recovery fund to the fund for the purpose of implementing this section. The department shall only use the money transferred pursuant to this subsection (5)(d), and any money transferred to the fund that originates from the ARPA refinance state money cash fund that is substituted for money transferred from the economic recovery and relief cash fund pursuant to this subsection (5)(d), for:
(I) Making grants to eligible recipients pursuant to the grant program; and
(II) The costs of administering the grant program as may be incurred by the division. The division may expend up to seven percent of the money appropriated or transferred to the fund to pay for the direct and indirect costs in administering the grant program. All administrative costs must be paid out of the money transferred to the fund pursuant to this subsection (5)(d)(II).
(e) The division may expend up to five million dollars of the money appropriated to the fund for data collection and outreach efforts detailed in subsection (2)(c)(III) of this section.
(f) Money spent pursuant to this subsection (5) must conform with the allowable purposes set forth in the federal American Rescue Plan Act of 2021, Pub.L. 117-2, as amended. The division shall spend or obligate such appropriation in accordance with section 24-75-226 (4)(d).
(g) The expenditures made pursuant to this section constitute government services.
(g.5) On June 30, 2025, the state treasurer shall transfer from the fund to the general fund nine million three hundred thirty-four thousand eight hundred seventy-two dollars and ninety-nine cents that did not originate from the money the state received from the federal coronavirus state fiscal recovery fund.
(h) This subsection (5) is repealed, effective December 31, 2026.
(6) Reporting. (a) The division shall include in the public report the division prepares in accordance with section 24-32-705.5 (1) information summarizing the use of all the money that was awarded as grants from the grant program in the preceding state fiscal year. At a minimum, the information must specify:
(I) The number of local governments or community partners that applied for a grant, including the number of local governments or community partners that were not awarded a grant;
(II) The amount of the grant money distributed to each grant recipient;
(III) A description of each grant recipient's use of the grant money;
(IV) How the use of the grant awarded furthered the goals of the grant program described in subsection (4) of this section; and
(V) Recommendations concerning further administration of the grant program.
(b) The division and any entity that receives money from the division shall comply with the compliance, reporting, record-keeping, and program evaluation requirements established by the office of state planning and budgeting and the state controller in accordance with section 24-75-226 (5).
(c) In the 2023 legislative session, the department, in conjunction with the department of health care policy and financing, shall share any results, recommendations, and federal implications concerning any current supportive housing pilot programs being administered by the department and division and the department of health care policy and financing as part of its State Measurement for Accountable, Responsive, and Transparent (SMART) Government Act hearing pursuant to section 2-7-203. In the 2023 legislative session, the department and the department of health care policy and financing shall submit a report detailing any such results, recommendations, and federal implications concerning any current supportive housing pilot programs being operated by the department and division and the department of health care policy and financing to the house of representatives public and behavioral health and human services committee and the senate health and human services committee, or any successor committees.
(7) Repeal. This section is repealed, effective July 1, 2027.
Source: L. 2022: Entire section added, (HB 22-1377), ch. 285, p. 2040, � 2, effective May 31. L. 2024: (5)(a), IP(5)(d), and (5)(f) amended, (HB 24-1466), ch. 429, p. 2939, � 20, effective June 5. L. 2025: (5)(g.5) added, (SB 25-312), ch. 301, p. 1536, � 10, effective May 30.
Cross references: For the legislative declaration in HB 22-1377, see section 1 of chapter 285, Session Laws of Colorado 2022. For the legislative declaration in HB 24-1466, see section 1 of chapter 429, Session Laws of Colorado 2024.
24-32-733. Task force on corporate housing ownership - creation - membership - issues of study - additional duties - report - compensation - staff support - definitions - repeal. (1) Definitions. As used in this section, unless the context otherwise requires:
(a) Corporation has the meaning set forth in section 7-90-102 (10).
(b) Task force means the task force on corporate housing ownership created in subsection (2)(a) of this section.
(2) Creation - membership. (a) The task force on corporate housing ownership is created in the state demography office in the department of local affairs. The task force consists of the following members, appointed as follows:
(I) The speaker of the house of representatives shall appoint:
(A) One member of the house of representatives;
(B) One member who has significant professional experience with labor and workforce issues;
(C) One member who represents a statewide trade association of banks and other lenders; and
(D) One member who has significant professional experience as a county clerk and recorder;
(II) The president of the senate shall appoint:
(A) One member of the senate;
(B) One member who has significant professional experience as a mortgage broker;
(C) One member who has significant professional experience advocating for housing rights; and
(D) One member who has significant professional experience as a county assessor;
(III) The minority leader of the senate shall appoint two members, one of whom represents a statewide trade association of banks or other lenders and one of whom represents a statewide real estate association; and
(IV) The executive director of the department of local affairs shall appoint one member who represents the department.
(b) The appointing authorities shall make each of the initial appointments described in subsection (2)(a) of this section no later than thirty days after August 7, 2023.
(c) Any vacancy that occurs among the appointed members of the task force shall be filled by the appropriate appointing authority as soon as practicable in accordance with subsection (2)(a) of this section.
(d) In making appointments to the task force, the appointing authorities shall ensure that the membership of the task force:
(I) Reflects the ethnic, cultural, and gender diversity of the state;
(II) Includes representation from different geographic regions of the state, including urban, rural, and resort communities; and
(III) To the extent practicable, includes persons with disabilities.
(e) Not later than sixty days after August 7, 2023, the speaker of the house of representatives shall designate a member of the task force to serve as the chair of the task force.
(3) Issues for study. (a) The task force shall:
(I) Examine housing ownership by corporate entities and residential real estate transactions by corporate entities in Colorado since January 1, 2008, including purchases resulting from foreclosures;
(II) Determine a methodology by which to examine the impacts of corporate acquisition and ownership of residential property, with a focus on single-family homes, condominiums, and townhomes;
(III) Gather and analyze data, reports, and public records related to corporate ownership of housing;
(IV) Make legislative recommendations, pursuant to subsection (4)(d) of this section, to mitigate any negative impacts related to corporate ownership of housing that are identified by the task force; and
(V) Report, pursuant to subsection (4)(d) of this section, to the specified legislative committees certain information concerning the impacts of corporate ownership of housing.
(b) In examining the impacts of corporate ownership of housing units, the task force may consider the extent to which corporate ownership of housing units correlates with:
(I) Increased vacancy rates;
(II) Decreased housing availability;
(III) Decreased home-buying opportunities for first-time home buyers;
(IV) Increased displacement;
(V) Increased residential property prices;
(VI) Increased nonresident ownership;
(VII) Increased rates of foreclosures; and
(VIII) Any other factors deemed appropriate by the task force.
(c) The task force must identify, to the extent practicable, trends in corporate homeownership in relation to:
(I) Housing type;
(II) Geography based on zip codes;
(III) Property values;
(IV) Neighborhood characteristics; and
(V) Any other factors deemed appropriate by the task force.
(d) The task force may identify and report on, to the extent practicable, any corporate entities that purchase or own a disproportionate or outsized market share of housing units in the state.
(4) Additional duties of the task force. The task force shall:
(a) Meet on or before December 1, 2023, at a time and place to be determined by the chair of the task force;
(b) Meet at least once every four months thereafter or more often as directed by the chair of the task force;
(c) Communicate with and obtain input from groups throughout the state affected by the issues identified in subsection (3) of this section; and
(d) Submit a report to the transportation, housing, and local government committee of the house of representatives and the local government and housing committee of the senate, or to any successor committees, on or before October 1, 2025, that, at a minimum, includes:
(I) The information described in subsection (3) of this section; and
(II) Such other relevant findings as the task force elects to report.
(5) Compensation. Nonlegislative members of the task force serve without compensation. Legislative members are compensated in accordance with section 2-2-326.
(6) Staff support. The executive director of the department may supply staff assistance to the task force as the executive director deems appropriate, subject to available appropriations. The task force may also accept donations of in-kind services for staff support from the private sector.
(7) Repeal. This section is repealed, effective September 1, 2027.
Source: L. 2023: Entire section added, (HB 23-1253), ch. 438, p. 2574, � 1, effective August 7.
24-32-734. Task force on mobile home ownership and taxation - creation - duties - report - definitions - repeal. (Repealed)
Source: L. 2024: Entire section added, (SB 24-183), ch. 303, p. 2060, � 3, effective May 31.
Editor's note: Subsection (7) provided for the repeal of this section, effective January 1, 2025. (See L. 2024, p. 2060.)