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Newsroom: Policy News

Closing Out the 2015 Legislative Session

Friday, May 29, 2015  
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Closing Out the 2015 Legislative Session

After much diligent work and concerted effort by Housing Colorado and its members, the 2015 Legislative Session has come to a close. For a quick review of session highlights overall , see the Denver Post’s 2015 Legislature’s Winners and Losers, and their take on why the legislature may have fallen short on keeping their promises to Colorado’s middle class.

The affordable housing community celebrated some big wins, including keeping intact the Affordable Housing Grants Line Item in the state budget, which remained fully funded at $8.25 million while many other programs faced cuts. In addition, a Strategic Planning Group on Aging, which provides a cash fund for future projects such as housing; as well as tax credits for renewable energy in Enterprise Zones, including projects related to the development of affordable housing, were established.  Reforms to Colorado’s flawed construction defects laws gained momentum with broad bipartisan support in both chambers, SB 177 narrowly failing to pass by only one vote in the House State Affairs committee. The discussion of approaches to funding affordable housing was elevated, with three bills proposing varied strategies, from increasing by $1 the document recording fee to extending and making transferable tax credits, being introduced.

Although the outcomes this session were mixed, it is clear that the housing crisis is not going away, and that everyone wants to see something done to address affordable housing – only priorities and approaches differ. Furthermore, Housing Colorado and its members are seen as credible, objective, and nonpartisan sources of information on affordable housing issues. We’ll continue to work collaboratively with partners and legislators to find solutions to urban renewal and tax increment financing, unmet funding needs, and construction defects matters related to our mission of enriching Colorado communities. Thank you for your support!

Read more about affordable housing-related legislation and how it fared in the Housing Colorado 2015 Legislative Session Summary.

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