State Low Income Housing Tax Credit Extension Bill
(SB18-007) Approved by Senate Finance Committee
Last week, Senate Bill 18-007 passed its first hurdle. This bill, which would extend Colorado's existing state LIHTC program to 2024 and change its name to the Colorado Affordable Housing Tax Credit program, was heard in Senate Finance Committee on Tuesday, January 23 and advanced on a 3-2 vote with Senators Jack Tate (R), Lois Court (D), and Cheri Jahn (U) voting yes, and Senators Tim Neville (R) and Jim Smallwood (R) voting no. The bill will be heard next in Senate Appropriations Committee. The specific hearing date in Senate Appropriations has not yet been set.
Much appreciation to bill sponsors Sen. Jack Tate, Sen. Lucia Guzman, Speaker Crisanta Duran, and Rep. Jon Becker.
Organizations in Support of Extending Colorado's Affordable Housing Tax Credit program
Affordable Housing Ventures, LLC
City of Aurora
City of Boulder
Colorado Apartment Association
Colorado Association of Home Builders (CAHB)
Colorado Association of Realtors (CAR)
Colorado Bankers Association (CBA)
Colorado Coalition for the Homeless (CCH)
Colorado Competitive Council (C3)
Colorado Counties, Inc. (CCI)
Colorado Mortgage Lenders Association (CMLA)
Colorado Municipal League (CML)
Community Housing Partners
Counties & Commissioners Acting Together (CCAT)
Denver Metro Chamber of Commerce
Denver Regional Council of Governments (DRCOG)
Dwelling Development, LLC
Economic Development Council of Colorado (EDCC)
Gorman & Company, LLC
Hope Communities, Inc.
Housing Authority of the City and County of Denver (DHA)
Housing Authority of the City of Pueblo
Jefferson County Housing Authority
Loveland Housing Authority
Metro West Housing Solutions
Raise Homes, LLC
Summit Housing Group, Inc.
Sugar Creek Capital
Volunteers of America
Wazee Partners, LLC
Join our coalition in support of SB 18 -007.
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