State Low Income Housing Tax Credit Extension Bill (SB18-007) Passed out of Senate Appropriations - on to the Senate Floor
This morning Senate Bill 18-007, which would extend Colorado’s existing state LIHTC program through 2024, passed out of the Senate Appropriations Committee on a 5-2 vote. The Bill will be heard next on the Senate Floor, and may be voted upon as early as this week.
Much appreciation to bill sponsors Sen. Jack Tate, Sen. Lucia Guzman, Speaker Crisanta Duran, and Rep. Jon Becker.
Reach out to
your state senator to urge their support for SB18-007.
Why the state LIHTC program should be extended:
The program is already helping to
stimulate over $1.57 billion in economic impact within just three years of operation.
Since 2015, the state credit has:
$465 million in private sector equity into Colorado;
Directly supported the development of
4,263 affordable rental housing units for Colorado's seniors, workforce, veterans, homeless, and special needs population; and
$33 million in federal 4 percent LIHTC that otherwise would be unused.
Bill Fact Sheet
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