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Senate advances SB1 to give local governments more tools for middle-income housing; amendments adopted
Summary
On second reading the Senate adopted amendments to SB1, a bill that gives counties, municipalities and housing authorities new options to support housing development; amendment L013 (sunset on use of ad valorem revenue) failed.
The Colorado Senate on Feb. 2 advanced Senate Bill 1 on second reading, adopting technical and definitional amendments and ordering the bill engrossed for third reading. Sponsor Senator Roberts described SB1 as a voluntary package of tools local governments requested to support housing production and middle-income development.
Two floor amendments (L012 and L014), worked on with the Colorado Housing and Finance Authority (CHFA) and the Department of…
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