Representatives Lindsay and Lindstedt, co-prime sponsors, presented House Bill 24-1316. The bill creates a pilot program for an income tax credit, allocated by the Colorado Housing Finance Authority (CHFA), for housing developments focused on rental housing for middle-income households. The bill sponsors distributed amendments L.001 (Attachment F) and L.002 (Attachment G), and a fact sheet about the bill (Attachment H).

The bill sponsors responded to questions from the committee.

Ms. Jerilynn Francis, representing CHFA, testified in support of the bill.

Mr. Brian Rossbert, representing Housing Colorado, testified in support of the bill.

Devin Camacho, representing the Colorado Springs Chamber & Economic Development Corporation, testified in support of the bill.

Mr. Colin Nickells, representing Advantage Capital, testified in support of the bill.

The panel of witnesses responded to questions from the committee.

Meghan Dollar, representing the Colorado Chamber of Commerce, testified in support of the bill.

Elizabeth Haskell, representing the Colorado Municipal League, testified in support of the bill.

Kinsey Hasstedt, representing Enterprise Community Partners, testified to amend the bill.

Ms. Tamara Pogue, representing Counties & Commissioners Acting Together (CCAT), testified in support of the bill.

Mr. Steven Cordova, representing Tri-County Housing, Inc., DBA Total Concept, testified in support of the bill.

Kimball Crangle, representing Gorman and Company, testified in support of the bill.

The panel of witnesses responded to questions from the committee.

The bill sponsors made closing remarks and asked for a favorable recommendation.

Members of the committee commented about their positions on the bill.