urge house appropriations committee to support hb24-1434 to strengthen and expand the state affordable housing tax credit

CHFA joined by a broad-based coalition of housing, community, and business advocates support HB24-1434 to expand the state Affordable Housing Tax Credit (AHTC) and requests your help to ensure this important bill advances in the legislature. HB24-1434 proposes to increase CHFA’s existing $10 million in state AHTC allocation authority by:

$20 million in 2024-2026;
$16 million in 2027-2029; and
$10 million in 2030-2031.

In addition, the legislation would strengthen the new tax credit resources by accelerating the rate at which investors may claim the credit, further amplifying the impact of AHTC.

Passage of HB24-1434 is critical to ensuring Colorado continues its existing momentum and does not move backwards as gap funds availability face increasing pressure and development costs continue to rise. Without additional AHTC proposed in HB24-1434, viable deals that would otherwise address Colorado’s affordable housing shortage will be unable to move forward due to lack of resources.

HB24-1434 will soon be heard in the House Appropriations Committee. Your voice of support for this legislation is critical to show state lawmakers the widespread approval of this bill across industries.

Please reach out to Colorado’s House leadership and all members of the House Appropriations Committee to urge support for HB24-1434.

Below is the contact information for House leaders and members of the House Appropriations Committee.

Julie McCluskie, Speaker of the House
303.866.2952

Monica Duran, Majority Leader
303.866.5522

Rose Pugliese, Minority Leader
303.866.2965

Emily Sirota, Appropriations Committee Chair
303.866.2910

Shannon Bird, Appropriations Committee Vice Chair
303.866.2843

Judy Amabile
303.866.2578

Andrew Boesenecker
303.866.2917

Scott Bottoms
303.866.5525

Lisa Frizell
303.866.2948

Leslie Herod
303.866.2959

Iman Jodeh
303.866.2919

Stephanie Luck
303.866.2905

Rick Taggart
303.866.3068

Elizabeth Velasco
303.866.2949

View CHFA’s Fact Sheet on the state AHTC increase for more information. Please contact Jerilynn Francis, CHFA’s Chief Communications and Community Partnerships Officer, or Julia Selby, CHFA’s Legislative Liaison and Policy Analyst, to add your organization's name.