Gov. Polis To Sign HB19-1228 Into Law on Friday, May 17
On Friday, May 17, Gov. Jared Polis will sign HB19-1228, increasing the amount of state Affordable Housing Tax Credits available for annual allocation from $5 million to $10 million for 2020-2024.
About the state Affordable Housing Tax Credit (AHTC)
The state AHTC program incentivizes private-sector investment in the development and preservation of affordable rental housing. Since renewed in 2015, it has enabled the development of 4,796 affordable apartments and is estimated to generate over $1.9 billion in economic impact in Colorado.