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Committee backs bill to let public‑school permanent fund invest in teacher homeownership program; moves to appropriations 11‑1
Summary
Senate Bill 167 would permit the Public School Permanent Fund to invest in community investments including an "educator first" shared‑equity down‑payment program administered by CHFA, intended to expand homeownership for public‑school employees while keeping investment returns in Colorado.
The House Education Committee voted 11‑1 to send Senate Bill 167 to the Appropriations Committee with a favorable recommendation after extensive testimony about teacher housing and investment risk.
Senate Bill 167 authorizes a “Community Investment Portfolio” within the Public School Permanent Fund (PSPF) and directs the permanent fund investment board to make eligible community investments that benefit Colorado public schools and school employees. Sponsors said the bill aims to invest more of the fund’s existing assets in Colorado rather than in national mortgage products, and to use investment returns to support schools and education programs while helping educators access market‑rate housing.
Representative Byrd, the bill sponsor, said the legislation will create an "educator first homeownership" program: a shared‑equity down‑payment product that pairs CHFA first‑mortgage loans with a second, no‑interest down‑payment loan that is repaid at resale with a proportional share of home price appreciation. Sponsors estimated…
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