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Bill would clarify REIT use for regional affordable‑housing collaborations
Summary
House Bill 16-94 would allow local REIT revenues to be used for affordable housing projects supported through interlocal housing collaborations and clarify that the cap on affordable‑housing use applies annually. Cities and counties and regional coalitions backed the change.
House Finance heard House Bill 16-94 on Feb. 13, a measure that would clarify and expand how local REIT funds may be used for collaborative regional affordable-housing projects.
Staff described the bill as a focused change: it removes the date restriction on use of REIT 2 revenues for affordable housing and homelessness facilities and expressly allows revenues to fund projects supported through interlocal housing collaborations.…
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