Sustainable Affordable Housing Assistance
The bill requires the director, no later than November 30, 2027, and every 6 years thereafter, to conduct a statewide housing needs assessment that analyzes existing and future statewide housing needs and to publish a report identifying current housing stock and estimating statewide housing needs.
The bill requires each local government, beginning December 31, 2026, and every 6 years thereafter, to conduct and publish a local housing needs assessment. The bill outlines the process for a local government conducting a local housing needs assessment and for determining when a local government is exempt from conducting a local housing needs assessment. The bill requires local governments to submit local housing needs assessments to the department of local affairs (department), which shall publish those assessments on the department's website.
Relatedly, the bill allows a regional entity to conduct a regional housing needs assessment. If a regional entity conducts a regional housing needs assessment, the bill requires the regional entity to submit the assessment both to each local government in the region and to the department, which shall publish those assessments on the department's website.
publish reports on the following no later than December 31, 2024: develop, by no later than June 30, 2025:
- A standard affordability strategies directory;
- A long-term affordability strategies directory; and
- A displacement risk mitigation strategies directory.
A directory of housing and land use strategies to guide local governments in encouraging the development of a range of housing types with a primary focus on increasing housing affordability; andA directory of housing and land use strategies to guide local governments in avoiding, reducing, and mitigating the impact of displacement.
The bill establishes the minimum required elements for both types of directories of housing and land use strategies. The bill also requires the director to all three directory types. The bill also requires the director to submit a statewide strategic growth report to the General Assembly, no later than October 31, 2025, and develop and publish :
No later than June 30, 2025, in consultation with the Colorado water conservation board, a joint report concerning water supply; andNo later than December 31, 2025,in coordination with relevant state agencies, a natural land and agricultural interjurisdictional opportunities report , no later than December 31, 2025 .
- Establishing regional entities;
- Creating local and regional housing needs assessments;
- Conducting a displacement risk analysis with a state-created tool;
- Identifying and implementing strategies included in the standard affordability strategies directory, long-term affordability strategies directory, or displacement risk mitigation strategies directory;
- Making a housing action plan;
- Enacting laws and policies that encourage the development of a range of housing types , including regulated affordable housing, or mitigate the impact of displacement; and
- Creating strategic growth elements in master plans.
The bill creates the continuously appropriated housing needs planning technical assistance fund to contain the money necessary for the division to provide this technical assistance and guidance. The bill requires the state treasurer to transfer $15 million from the general fund $10.5 million from the local government severance tax fund and $4.5 million from the local government mineral impact fund to this fund.
Further, the bill directs the division to serve as a clearing house for the benefit of local governments and regional entities in accomplishing the goals of the bill. The division shall report on the assistance requested and provided under the bill.
- Is the subject of a completed and filed housing needs assessment;
- Has adopted a housing action plan that has been accepted by the department;
- Has reported progress to the department regarding the adoption of any strategies or changes to local laws identified in the housing action plan; and
- Is the subject of a master plan that includes a water element and a strategic growth element.
In the case of a local government that is not required to do any of the above, the department is required to prioritize that local government in the same way that it prioritizes a local government that has done all of the above.
- A narrative description of the procedure used for the development and adoption of the master plan;
- No later than December 31, 2026, a water supply element; and
- No later than December 31, 2026, a strategic growth element, so long as the county or municipality meets certain requirements.
The water element in a county or municipal master plan must identify the general location and extent of an adequate and suitable supply of water, identify supplies and facilities sufficient to meet the needs of local infrastructure, and include water conservation policies.
The strategic growth element in a master plan must include:
A buildable sites analysis that identifies vacant, partially vacant, and underutilized land that can accommodate infill development, redevelopment, and new development without the development of previously undeveloped land;An identification of areas within a reasonable distance of rail transit and frequent bus service that can accommodate the development of housing to address the housing needs of current and future residents at all income levels; andA description of existing and needed infrastructure, transportation, and public facilities and services to serve these sites.- A description of existing and potential policies and tools to promote strategic growth and prevent sprawl;
- An analysis of vacant and underutilized sites and the use of those sites for the development of housing; and
- An analysis of underdeveloped sites that are not adjacent to developed land the use of those sites for residential use.
The bill requires both counties and municipalities to submit their master plan and any separately approved water or strategic growth element to the division for the division's review.
(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)