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Colorado Housing Investment Fund

Our Position: support
Bill Number: HB1340
Sponsor: Representative Kefalas and Senator Boyd
Legislative Session: 2008

This bill would create the Colorado Housing Investment Fund in the state treasury and would set up the specifics, requirements, and organizational structure for the fund. This fund would support the creation and maintenance of affordable energy efficient housing statewide by using its’ funds to build new housing, obtain existing real estate, defray costs, rehabilitate, preserve, and develop housing that is affordable.

Status

02/18/08 Introduced In House - Assigned to Finance Committee

03/05/08 Witness Testimony and/or discussion by Committee to be voted on at a later date

04/02/08 Bill Postponed Indefinitely by the House Finance Committee

Action Needed

More information

Background

When housing is located closer to larger cities and development it means that there is less travel needed to go to work, shop, socialize etc. Unfortunately there isn't a large abundance of affordable housing within Denver. This fund would help to ensure that people could afford to live in Denver, instead of on the outskirts, thereby reducing carbon emissions.