925A1192C883271687258789005B644D Hearing Summary CLICS/CLICS2021A/commsumm.nsf PUBLICBILL SUMMARY For GOVERNOR'S AFFORDABLE HOUSING PRIORITIESINTERIM COMMITTEE AFFORDABLE HOUSING TRANSFORMATIONAL TASK FORCEDate Nov 10, 2021 Location Old State Library Governor's Affordable Housing Priorities - Committee Discussion Only Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/B45B0C313D7D...$File/AttachmentBHousingPresentGovPropose.pdf?OpenElement AttachmentBHousingPresentGovPropose.pdf 09:42:56 AM Director Rick Garcia, representing the Department of Local Affairs (DOLA), provided an overview of housing priorities: strong communities; financing green energy improvements for affordable housing; housing innovative incentives; and Colorado Housing and Finance Authority's (CHFA) Missing Middle Income Program. Mr. Garcia provided a PowerPoint outlining the priorities (Attachment B). 09:46:19 AM Andy Hill, representing DOLA Community Development Division, provided an update on the strong communities (sustainable infrastructure) priority. Ms. Hill indicated that local governments may need assistance, including updates for infrastructure. 09:49:39 AM Ms. Hill suggested that local communities are interested in the innovative housing program that was created with the passage of House Bill 21-1271. 09:51:30 AM Ms. Hill summarized activities that DOLA will support to promote strong communities, including engineering studies, communication, infrastructure funding, and partnerships for development of state land. She shared funding examples, including creating a regional transit authority or upgrading a main street with rezoning, partnerships for affordable housing, and managing growth. 09:54:52 AM Will Toor, representing the Colorado Energy Office, provided an update on building energy and affordable housing. Mr. Toor stated that buildings are one of Colorado's top five largest greenhouse gas emitting sectors. He indicated that with regards to cost and equity, 20 percent of Colorado households spend at least 5 percent of their income on energy and many low-income households energy expenditures exceed 10 percent of income. Mr. Toor indicated that the proposed program focuses on: energy efficiency, clean electric heating and appliances, and renewable energy. He stated that $25 million will fund efficient, electric ready measures, efficient all electric equipment, and renewable energy for existing buildings. 10:01:25 AM Jeff Kraft, Deputy Director representing the Office of Economic Development, outlined current programs that support housing. He talked about the Innovative Housing Incentive Program, stating that the program will grow small businesses with innovative and sustainable business models, create jobs, and increase housing inventory. 10:08:33 AM Deputy Director Kraft detailed several components to the program, including per unit installation incentives (plus-ups) and forgivable loans or revolving loans for affordable and sustainable housing factory development. The incentives or plus-ups provide $500 for serving low to moderate income individuals, shipping from the factory to the building site, energy efficiency, and projects in particular geographic areas. 10:12:10 AM Cris White, representing the CHFA, outlined the Missing Middle Workforce Housing program. Mr. White indicated that the program focuses on individuals whose income falls within 60 to 120 percent of the area median income. 10:15:52 AM Director Garcia provided information about additional affordable housing ideas and updates on current programs, including planning grants and incentive grants. 10:17:18 AM Director Garcia indicated that the acquisition fund established by Senate Bill 21-242 and House Bill 21-1329 has accepted over six applications, providing $17 million in funding. He indicated that five more applications are in the pipeline, totaling $22 million, to purchase older hotels for rapid housing. Director Garcia talked about additional investments in affordable housing, including an allocation of $70 million for 18 applicants of the total $98.5 million available. 10:22:11 AM Director Garcia responded to questions from the task force, including how the Governor's and task force's priorities align. 10:27:35 AM Mr. Toor responded to questions on the green building recommendations. 10:30:12 AM Deputy Director Kraft responded to questions on the working capital grant. 10:31:51 AM Mr. Toor responded to questions on the emission of greenhouse gases. 10:33:17 AM Mr. Toor responded to a question on renewable energy solar costs. 10:36:18 AM Director Garcia responded to a question about additional funding to be used as incentives or infrastructure improvements related to qualified land use and zoning strategies. 10:41:43 AM Ms. Hill outlined zoning changes that communities are proposing. 10:46:45 AM Mr. Toor responded to a question about energy efficiency and building codes.