Colorado real gross domestic product

Gross rent includes contract rent and tenant-paid utilities. Rental protections, assistance, and housing supply concern components of rental-market conditions; they do not set Colorado’s median rent. This relationship does not establish causation. Actions after the fact’s measurement period cannot explain its earlier value.

Retained Colorado evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

The act requires the Colorado office of economic development, in consultation with the department of local affairs and the department of transportation, to publish a transit and housing investment zone map on or before October 30, 2026. The act creates the Colorado affordable housing in transit and housing investment zones tax credit (tax credit). The tax credit is administered in the same manner as the Colorado affordable housing in transit-oriented communities income tax credit; except that the tax credit is awarded in connection with housing projects in transit and housing zones. The act authorizes the Colorado Housing and Finance Authority to allocate up to $8,333,333 in tax credits each calendar year beginning in the 2027 calendar year through the 2033 calendar year. For the 2026-27 state fiscal year, the act appropriates $213,349 to the office of the governor for use by economic development programs. (Note: This summary applies to this bill as enacted.)

Gross rent includes contract rent and tenant-paid utilities. Rental protections, assistance, and housing supply concern components of rental-market conditions; they do not set Colorado’s median rent. This relationship does not establish causation. Actions after the fact’s measurement period cannot explain its earlier value.

Retained Colorado evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

The act modifies the affordable housing programs (programs) created by Proposition 123, which was approved by voters at the 2022 statewide election, by: Allowing tribal governments to participate in the programs; Requiring the division of local government, rather than the division of housing, to administer the land planning capacity development program; Allowing the office of economic development (office) to use a portion of the money in the affordable housing financing fund (financing fund) for its administrative expenses, without increasing the total amount of money from the fund that may be used for administrative expenses; Modifying the calculation for determining eligibility for some of the programs; Clarifying the description of how money is transferred or allocated; Specifying certain units to be included for purposes of the 3% growth obligation that is a condition for funding for local and tribal governments; Establishing a process for rural resort communities to petition the division of housing to use alternative percentages of area median income for eligibility for certain affordable housing programs for a given funding cycle; Exempting money that was originally from the federal coronavirus state fiscal recovery fund from the appropriations for fiscal year 2022-23 used to determine the state's maintenance of effort requirement for other affordable housing funding; and Requiring the office and the division of housing to provide 3 annual reports to legislative committees about the affordable housing programs. APPROVED by Governor June 5, 2023 EFFECTIVE June 5, 2023 (Note: This summary applies to this bill as enacted.)

Gross rent includes contract rent and tenant-paid utilities. Rental protections, assistance, and housing supply concern components of rental-market conditions; they do not set Colorado’s median rent. This relationship does not establish causation. Actions after the fact’s measurement period cannot explain its earlier value.

Retained Colorado evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

The act directs the state treasurer to transfer $130 million from the state affordable housing fund (fund) to the general fund on June 30, 2026, and makes 3 corresponding adjustments to the affordable housing financing fund (financing fund). First, the act reduces the July 1, 2026, transfer from the fund to the financing fund by the amount of the June 30, 2026, transfer from the state affordable housing fund. Second, for the 2026-27 state fiscal year only, the act adjusts the prioritization of programs funded by the financing fund so that the programs are funded in the following order: The concessionary debt program, the affordable housing equity program, and the land banking program. Third, the act ensures that this transfer does not reduce the amount that may be spent on administrative expenses to implement programs funded by the financing fund in the 2026-27 state fiscal year and pools the costs of administering these programs between the administrator and the office of economic development for state fiscal years beginning with the 2026-27 state fiscal year. Under current law, if legislative council staff's March economic and revenue forecast projects that state revenue will not exceed the state fiscal year spending limit, the general assembly may reduce the funding allocated to the financing fund. The act allows for the general assembly to so reduce the funding allocated to the financing fund for the 2025-26 state fiscal year as a result of revenue forecasts projecting that state revenue will not exceed the state fiscal year spending limit. (Note: This summary applies to this bill as enacted.)

Gross rent includes contract rent and tenant-paid utilities. Rental protections, assistance, and housing supply concern components of rental-market conditions; they do not set Colorado’s median rent. This relationship does not establish causation. Actions after the fact’s measurement period cannot explain its earlier value.

Retained Colorado evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

The act directs the state treasurer to transfer $130 million from the state affordable housing fund (fund) to the general fund on June 30, 2026, and makes 3 corresponding adjustments to the affordable housing financing fund (financing fund). First, the act reduces the July 1, 2026, transfer from the fund to the financing fund by the amount of the June 30, 2026, transfer from the state affordable housing fund. Second, for the 2026-27 state fiscal year only, the act adjusts the prioritization of programs funded by the financing fund so that the programs are funded in the following order: The concessionary debt program, the affordable housing equity program, and the land banking program. Third, the act ensures that this transfer does not reduce the amount that may be spent on administrative expenses to implement programs funded by the financing fund in the 2026-27 state fiscal year and pools the costs of administering these programs between the administrator and the office of economic development for state fiscal years beginning with the 2026-27 state fiscal year. Under current law, if legislative council staff's March economic and revenue forecast projects that state revenue will not exceed the state fiscal year spending limit, the general assembly may reduce the funding allocated to the financing fund. The act allows for the general assembly to so reduce the funding allocated to the financing fund for the 2025-26 state fiscal year as a result of revenue forecasts projecting that state revenue will not exceed the state fiscal year spending limit. (Note: This summary applies to this bill as enacted.)

Gross rent includes contract rent and tenant-paid utilities. Rental protections, assistance, and housing supply concern components of rental-market conditions; they do not set Colorado’s median rent. This relationship does not establish causation. Actions after the fact’s measurement period cannot explain its earlier value.

Retained Colorado evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

The act requires the Colorado office of economic development, in consultation with the department of local affairs and the department of transportation, to publish a transit and housing investment zone map on or before October 30, 2026. The act creates the Colorado affordable housing in transit and housing investment zones tax credit (tax credit). The tax credit is administered in the same manner as the Colorado affordable housing in transit-oriented communities income tax credit; except that the tax credit is awarded in connection with housing projects in transit and housing zones. The act authorizes the Colorado Housing and Finance Authority to allocate up to $8,333,333 in tax credits each calendar year beginning in the 2027 calendar year through the 2033 calendar year. For the 2026-27 state fiscal year, the act appropriates $213,349 to the office of the governor for use by economic development programs. (Note: This summary applies to this bill as enacted.)

Gross rent includes contract rent and tenant-paid utilities. Rental protections, assistance, and housing supply concern components of rental-market conditions; they do not set Colorado’s median rent. This relationship does not establish causation. Actions after the fact’s measurement period cannot explain its earlier value.

Retained Colorado evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

The act directs the state treasurer to transfer $130 million from the state affordable housing fund (fund) to the general fund on June 30, 2026, and makes 3 corresponding adjustments to the affordable housing financing fund (financing fund). First, the act reduces the July 1, 2026, transfer from the fund to the financing fund by the amount of the June 30, 2026, transfer from the state affordable housing fund. Second, for the 2026-27 state fiscal year only, the act adjusts the prioritization of programs funded by the financing fund so that the programs are funded in the following order: The concessionary debt program, the affordable housing equity program, and the land banking program. Third, the act ensures that this transfer does not reduce the amount that may be spent on administrative expenses to implement programs funded by the financing fund in the 2026-27 state fiscal year and pools the costs of administering these programs between the administrator and the office of economic development for state fiscal years beginning with the 2026-27 state fiscal year. Under current law, if legislative council staff's March economic and revenue forecast projects that state revenue will not exceed the state fiscal year spending limit, the general assembly may reduce the funding allocated to the financing fund. The act allows for the general assembly to so reduce the funding allocated to the financing fund for the 2025-26 state fiscal year as a result of revenue forecasts projecting that state revenue will not exceed the state fiscal year spending limit. (Note: This summary applies to this bill as enacted.)

Gross rent includes contract rent and tenant-paid utilities. Rental protections, assistance, and housing supply concern components of rental-market conditions; they do not set Colorado’s median rent. This relationship does not establish causation. Actions after the fact’s measurement period cannot explain its earlier value.

Retained Colorado evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

The act requires the Colorado office of economic development, in consultation with the department of local affairs and the department of transportation, to publish a transit and housing investment zone map on or before October 30, 2026. The act creates the Colorado affordable housing in transit and housing investment zones tax credit (tax credit). The tax credit is administered in the same manner as the Colorado affordable housing in transit-oriented communities income tax credit; except that the tax credit is awarded in connection with housing projects in transit and housing zones. The act authorizes the Colorado Housing and Finance Authority to allocate up to $8,333,333 in tax credits each calendar year beginning in the 2027 calendar year through the 2033 calendar year. For the 2026-27 state fiscal year, the act appropriates $213,349 to the office of the governor for use by economic development programs. (Note: This summary applies to this bill as enacted.)

Gross rent includes contract rent and tenant-paid utilities. Rental protections, assistance, and housing supply concern components of rental-market conditions; they do not set Colorado’s median rent. This relationship does not establish causation. Actions after the fact’s measurement period cannot explain its earlier value.

Retained Colorado evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

The act modifies the affordable housing programs (programs) created by Proposition 123, which was approved by voters at the 2022 statewide election, by: Allowing tribal governments to participate in the programs; Requiring the division of local government, rather than the division of housing, to administer the land planning capacity development program; Allowing the office of economic development (office) to use a portion of the money in the affordable housing financing fund (financing fund) for its administrative expenses, without increasing the total amount of money from the fund that may be used for administrative expenses; Modifying the calculation for determining eligibility for some of the programs; Clarifying the description of how money is transferred or allocated; Specifying certain units to be included for purposes of the 3% growth obligation that is a condition for funding for local and tribal governments; Establishing a process for rural resort communities to petition the division of housing to use alternative percentages of area median income for eligibility for certain affordable housing programs for a given funding cycle; Exempting money that was originally from the federal coronavirus state fiscal recovery fund from the appropriations for fiscal year 2022-23 used to determine the state's maintenance of effort requirement for other affordable housing funding; and Requiring the office and the division of housing to provide 3 annual reports to legislative committees about the affordable housing programs. APPROVED by Governor June 5, 2023 EFFECTIVE June 5, 2023 (Note: This summary applies to this bill as enacted.)