0 chapters · 492 sections in this title.
Colo. Rev. Stat. § 29-4-304 Preparation of development plan
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(1) The planning commission of a municipality either on its own initiative or at the request of the city council of a municipality may prepare a suggested plan for the rehabilitation of any substandard or unsanitary area as defined in section 29-4-302. (2) The preparation of the …
Colo. Rev. Stat. § 29-4-305 Assistance in preparation of plan
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In the preparation of a suggested development plan for a proposed area, the planning commission is authorized to accept assistance from governmental and private agencies but has no power to provide for the repayment of such assistance unless expressly authorized to do so by ordin…
Colo. Rev. Stat. § 29-4-306 Action on setting up of authority
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(1) When the planning commission has completed its report on a suggested development plan for a proposed area and has presented the same to the city council of a municipality, such city council, if it deems the suggested plan desirable in whole or in part, by ordinance, may proce…
Colo. Rev. Stat. § 29-4-307 Additional powers of authority
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(1) In addition to the powers contained in section 29-4-306, the city council of a municipality may, by ordinance, give the authority of an area any or all of the additional powers set out in this section; and the enumeration of the following powers shall not be taken as a denial…
Colo. Rev. Stat. § 29-4-308 Organization of authority
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(1) The authority of an area shall proceed to organize for the performance of the duties for which it is created, and such organization shall include, but shall not be limited to, the following unless otherwise provided by the ordinance creating the authority: (a) The adoption of…
Colo. Rev. Stat. § 29-4-309 Condemnation for a superior use
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The purpose of condemnation for the rehabilitation of an area under this part 3 is declared to be for a superior public use, and property already devoted to one public use may be condemned for the purposes of this part 3. Source: L. 45: p. 622, � 9. CSA: C. 82, � 70. CRS 53: � 69…
Colo. Rev. Stat. § 29-4-310 Area not wholly in one municipality
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If a substandard or unsanitary area, as described in section 29-4-302, extends into two or more municipalities, such municipalities, by contract between the municipalities, may provide for the redevelopment of the area and for the part of the work to be done by each of the munici…
Colo. Rev. Stat. § 29-4-311 Termination of an authority
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The city council, by ordinance, may terminate an authority and provide for its remaining duties to be taken over by some other agency of the municipality. Source: L. 45: p. 623, � 11. CSA: C. 82, � 72. CRS 53: � 69-4-11. C.R.S. 1963: � 69-4-11.
Colo. Rev. Stat. § 29-4-312 Appropriations by municipality
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The rehabilitation of a substandard or unsanitary area, as defined in section 29-4-302, may be aided by appropriations to be made from time to time by the city council of a municipality from the general revenues of the municipality. Source: L. 45: p. 623, � 12. CSA: C. 82, � 73. …
Colo. Rev. Stat. § 29-4-313 Taxation
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Every development plan for an area shall provide that the purchaser of any of the property of the area shall pay taxes thereon as upon any other property and shall also provide that the lessee of any part of the area shall pay taxes on the improvements erected by the lessee on th…
Colo. Rev. Stat. § 29-4-314 Supervision of reconstruction agency
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It is the duty of the authority to keep informed as to the performance by any reconstruction agency of its obligations in the rehabilitation work, and the authority, in the name of and on behalf of the municipality, shall take any legal or other steps deemed by it advisable in ca…
Colo. Rev. Stat. § 29-4-401 Existing statutes no bar to creation of housing authority
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Nothing in any existing statute of the state of Colorado shall prevent cities and towns, however organized, from creating veterans' housing authorities by ordinance. Source: L. 47: p. 882, � 1. CSA: C. 82, � 76. CRS 53: � 69-5-1. C.R.S. 1963: � 69-5-1.
Colo. Rev. Stat. § 29-4-402 Cities and towns empowered to create housing authorities
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All cities and towns, however organized, by ordinance may create veterans' housing authorities and provide their duties and powers and give preferences to veterans as to all housing constructed, purchased, or leased by or under the direction of such veterans' housing authorities.…
Colo. Rev. Stat. § 29-4-403 Veterans of world war II defined. (Repealed)
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Source: L. 47: p. 882, � 3. CSA: C. 82, � 78. CRS 53: � 69-5-3. C.R.S. 1963: � 69-5-3. L. 2003: Entire section repealed, p. 914, � 21, effective August 6.
Colo. Rev. Stat. § 29-4-501 Legislative declaration
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(1) It is hereby declared: (a) That there exists a housing shortage for agricultural workers, their families, and other families of low income in the state of Colorado with the result that many agricultural and other low income workers and their families are unable to find decent…
Colo. Rev. Stat. § 29-4-502 Definitions
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As used in this part 5, unless the context otherwise requires: (1) Authority or housing authority means any of the county housing authorities created by this part 5. (2) Board means the board of county commissioners of any county. (3) County means any county within the state of C…
Colo. Rev. Stat. § 29-4-503 Creation of housing authority
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(1) Any twenty-five residents of the county may file a petition with the clerk of the board of county commissioners setting forth that there is a need for an authority to function in the county. Upon the filing of such petition, the clerk of the board shall give notice of the tim…
Colo. Rev. Stat. § 29-4-504 Appointment of commissioners
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(1) The authority shall consist of commissioners appointed by the board in the manner provided in either subsection (2) or (3) of this section. (2) The board may provide that the members of the board shall ex officio be appointed the commissioners of the authority. The terms of o…
Colo. Rev. Stat. § 29-4-505 Powers of authority
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(1) A housing authority shall constitute a public body, corporate and politic, exercise public and essential governmental functions, and have all the powers necessary and convenient to carry out and effectuate the purposes and provisions of this part 5 (but not the power to levy …
Colo. Rev. Stat. § 29-4-506 Policy of authority
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(1) It is declared to be the policy of this state that each authority shall manage and operate its projects in an efficient manner so as to enable it to fix the rentals or payments for dwelling accommodations at low rates consistent with providing adequate dwelling accommodations…
Colo. Rev. Stat. § 29-4-507 Exemption from special assessments - tax exemptions
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The authority and the property of the authority is exempt from all taxes and special assessments on the same basis and subject to the same conditions as provided for city housing authorities in sections 29-4-226 and 29-4-227. Like a city housing authority, an authority may volunt…
Colo. Rev. Stat. § 29-4-508 Boundaries of authority
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The boundaries of such authority shall be the boundaries of the county, but in no event shall they include the whole or a part of any city unless the governing body of said city passes a resolution authorizing the inclusion of said city within the boundaries of such authority nor…
Colo. Rev. Stat. § 29-4-509 Conformity with building laws
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All projects of an authority shall be subject to the planning, zoning, sanitary, and building laws, ordinances, and regulations applicable to the locality in which the project is situated. Source: L. 51: p. 450, � 9. CSA: C. 82, � 87. CRS 53: � 69-6-9. L. 61: p. 429, � 9. C.R.S. …
Colo. Rev. Stat. § 29-4-601 Applicability of part 6
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For the purposes of this part 6, there shall be excluded from the term project or housing project any such project where there is in existence on or after October 1, 1963, a contract for financial assistance between any city, city and county, authority, housing authority, or coun…
Colo. Rev. Stat. § 29-4-602 Posting and publication of notice - petition
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(1) A city, city and county, authority, housing authority, or county housing authority shall not, on or after October 1, 1963, commence the construction of or acquire by purchase, lease, or otherwise any project, housing project, or addition to an existing project or housing proj…
Colo. Rev. Stat. § 29-4-603 Cooperative agreement - costs of election
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When, pursuant to the provisions of this part 6, an election is required in order to authorize an authority or housing authority to construct or acquire a project or housing project, the cooperation agreement between such authority or housing authority and the governing body of t…
Colo. Rev. Stat. § 29-4-604 Election - resolution
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(1) When, pursuant to the provisions of this part 6, an election of the registered electors of a city, city and county, authority, housing authority, or county housing authority is required in order to authorize any proposed act, said election may be held either concurrently with…
Colo. Rev. Stat. § 29-4-605 Notice of election
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(1) Upon the adoption of such election resolution, notice of such election shall be given as follows: (a) By publication of a full copy of the election resolution once each week for three successive weeks in some daily or weekly newspaper having a general circulation within the a…
Colo. Rev. Stat. § 29-4-606 Conduct of election
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Said election shall be conducted in all respects in accordance with the general election laws of this state insofar as the same are applicable and not inconsistent with the provisions of this part 6. Source: L. 63: p. 557, � 1. C.R.S. 1963: � 69-8-6. Cross references: For the gen…
Colo. Rev. Stat. § 29-4-607 Count of ballots - canvass - results of election
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At the hour designated for closing in the election resolution, the ballot boxes or voting machines in the several polling places shall be closed, the ballots counted, and the returns thereof made to the council, board of commissioners, or other governing body calling the election…
Colo. Rev. Stat. § 29-4-701 Short title
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This part 7 shall be known and may be cited as the Colorado Housing and Finance Authority Act. Source: L. 75: Entire section added, p. 970, � 1, effective April 19. L. 87: Entire section amended, p. 1190, � 1, effective May 20. Editor's note: This section was enacted as � 29-4-70…
Colo. Rev. Stat. § 29-4-702 Legislative declaration
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(1) The general assembly finds and declares that there is a shortage in Colorado of decent, safe, and sanitary housing which is within the financial capabilities of low- and moderate-income families. In order to alleviate the high cost of construction loans and home mortgage inte…
Colo. Rev. Stat. § 29-4-703 Definitions - rules
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As used in this part 7, unless the context otherwise requires: (1) Authority means the Colorado housing and finance authority created by this part 7. (2) Board means the board of directors of the Colorado housing and finance authority. (3) Bond means any bond, note, or other obli…
Colo. Rev. Stat. § 29-4-704 Colorado housing and finance authority
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(1) There is hereby created the Colorado housing and finance authority, which shall be a body corporate and a political subdivision of the state, shall not be an agency of state government, and shall not be subject to administrative direction by any department, commission, board,…
Colo. Rev. Stat. § 29-4-704.5 Reference in contracts and documents
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Whenever the Colorado housing finance authority is referred to or designated by any contract or document in connection with the duties and functions set forth in this part 7, such reference or designation shall be deemed to apply to the Colorado housing and finance authority. Sou…
Colo. Rev. Stat. § 29-4-705 Records of board
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All resolutions and orders shall be recorded and authenticated by the signature of the secretary or any assistant secretary of the board. Every legislative act of the board of a general or permanent nature shall be by resolution. The book of resolutions, corporate acts, and order…
Colo. Rev. Stat. § 29-4-706 Meetings of board
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(1) All meetings of the board shall be open to the public. No business of the board shall be transacted except at a regular or special meeting at which a quorum consisting of at least a majority of the total membership of the board is present. Any action of the board shall requir…
Colo. Rev. Stat. § 29-4-707 Disclosure of interests required
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Any board member, employee, or other agent or adviser of the authority, who has a direct or indirect interest in any contract or transaction with the authority, shall disclose this interest to the authority. This interest shall be set forth in the minutes of the authority, and no…
Colo. Rev. Stat. § 29-4-708 General powers of the authority
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(1) In addition to any other powers granted to the authority in this part 7, the authority has the following powers: (a) To have the duties, privileges, immunities, rights, liabilities, and disabilities of a body corporate and political subdivision of the state; (b) To have perpe…
Colo. Rev. Stat. § 29-4-709 Power of board - housing facility plans
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(1) The board shall establish criteria for the financial feasibility of any plan for the development of housing facilities to be undertaken with the proceeds of housing facility loans. (2) If the authority determines that such plan meets the board's criteria, that private financi…
Colo. Rev. Stat. § 29-4-710.5 Powers of the board - lease, sale, or financing of projects
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(1) Except as otherwise provided in an intergovernmental agreement entered into pursuant to article 46.5 of title 24, C.R.S., the authority may not undertake or finance a project until the board or the executive director pursuant to rules and regulations adopted by the board firs…
Colo. Rev. Stat. § 29-4-710.6 Powers of the board - loans for capital
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(1) The authority may not assist the capital needs of any profit or nonprofit enterprise or undertaking until the board or the executive director pursuant to rules and regulations adopted by the board first determines that: (a) Repealed. (b) The amount of a loan to provide capita…
Colo. Rev. Stat. § 29-4-713 Power of the board - home improvement loans
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(1) The board may cause the executive director to formulate and from time to time modify a plan for the provision of home improvement loans upon a finding by the board that the provision of such loans is necessary for any one or more of the following purposes: (a) To bring housin…
Colo. Rev. Stat. § 29-4-715 Sponsor - limitations on distributions. (Repealed)
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Source: L. 73: p. 811, � 1. C.R.S. 1963: � 69-11-11. L. 75: (1)(a), (1)(b), and (2) amended, p. 977, � 8, effective April 9. L. 82: (1)(b) and (1)(c) amended, p. 468, � 9, effective April 23. L. 2007: Entire section repealed, p. 707, � 9, effective May 3. Editor's note: This sect…
Colo. Rev. Stat. § 29-4-716 Standards for approval of organizations
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(1) No sponsor shall be considered eligible to develop housing facilities or provide services in connection therewith pursuant to this part 7 unless it shows to the authority's satisfaction that the organization is incorporated, authorized to do business, or otherwise organized a…
Colo. Rev. Stat. § 29-4-717 Findings - percentage of low-income families required
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(1) Prior to the authority's making or committing to make a housing facility loan for a housing facility with more than five dwelling units under this part 7, the board shall find: (a) That low-income families can afford, on the basis of the use of not more than thirty percent of…
Colo. Rev. Stat. § 29-4-718 Bonds and notes
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(1) (a) The authority has the power and is authorized to issue from time to time its notes and bonds in such principal amounts as the authority determines to be necessary to provide sufficient funds for achieving any of its corporate purposes, including the payment of interest on…
Colo. Rev. Stat. § 29-4-719 Special funds - repeal. (Repealed)
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Source: L. 75: Entire section added, p. 984, � 1, effective May 22. L. 82: (4)(a) amended and (4)(b) repealed, p. 473, �� 8, 9, effective April 15. L. 2001: IP(1) amended and (9) and (10) added, p. 311, � 2, effective April 12. Editor's note: This section was repealed, effective …
Colo. Rev. Stat. § 29-4-719.1 Economic development fund
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(1) There is hereby created in the authority the economic development fund. The authority shall deposit into such economic development fund: (a) Any moneys appropriated and made available by the state for purposes of such economic development fund; (b) Any proceeds from the sale …
Colo. Rev. Stat. § 29-4-720 Validity of any pledge
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Any pledge made by the authority shall be valid and binding from the time when the pledge is made, and any assets or revenues shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be val…