E1D64C0A88DD787487258A23006DE7A1 Hearing Summary CLICS/CLICS2023A/commsumm.nsf PUBLICBILL SUMMARY For UPDATE ON PROPOSITION 123INTERIM COMMITTEE LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCEDate Sep 7, 2023 Location HCR 0112 Update on Proposition 123 - Committee Discussion Only Attachment Tag File Name Attachment C http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/80D25F8F9A76...$File/Attachment C.pdf?OpenElement Attachment C.pdf Attachment D http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/DA6F28224D9D...$File/Attachment D.pdf?OpenElement Attachment D.pdf 02:00:30 PM Ms. Alison George and Mr. Maulid Miskell, representing the Department of Local Affairs (DOLA), presented on the implementation on Proposition 123. Their presentation may be found in Attachment C. 02:04:52 PM Mr. Miskell discussed commitment options and requirements as well as policies and guidelines timeline. 02:12:31 PM Ms. George continued by discussing the funding for the Affordable Housing Support Fund and their homeownership programs. 02:13:27 PM Ms. George continued by discussing homelessness and local planning capacity programs. 02:17:39 PM Mr. Miskell wrapped up his presentation on DOLA's engagement website. 02:18:08 PM In response to committee questions, Ms. George and Mr. Miskell discussed the administrative costs of the programs and commitments by local governments. 02:25:17 PM Ms. Hilary Cooper, representing the Office of Economic Development and International Trade (OEDIT), presented on OEDIT's implementation of Proposition 123. Her presentation may be found in Attachment D. 02:33:11 PM She continued by discussing the Affordable Housing Financing Fund. 02:35:58 PM She discussed the three programs administered: land banking, concessionary debt, and equity. 02:39:07 PM She continued by discussing the program timelines. 02:48:26 PM She continued by discussing several policy decisions related to the fund. 02:48:45 PM Mr. Steve Boice, representing CHFA, in response to committee questions, discussed CHFA's role as the administrator of OEDIT's programs. 02:53:11 PM Committee discussion ensued.