Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bill would let any county or city ask voters to add local affordable-housing REIT
Summary
House Finance took testimony Feb. 13 on House Bill 18-67, which would allow any county — and cities after Jan. 1, 2027, if a county does not adopt the option — to submit to voters a local-option real estate excise tax dedicated to affordable housing.
House Finance took testimony Feb. 13 on House Bill 18-67, which would expand a local-option real estate excise tax for affordable housing so that any county could place the question before voters; if a county does not adopt the option by Jan. 1, 2027, the authority could be adopted by a city via voter approval.
Rochelle Harris, committee staff, summarized the bill: the local affordable-housing REIT is distinct from the state REIT because it is imposed on both buyer and seller, requires voter approval, and revenues must be placed in an affordable housing account and disbursed by competitive grant or loan. “House Bill 18-67 expands authority to impose this affordable housing REIT for local governments by removing the requirement that a county…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
