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Housing advocates warn cuts to Prop 123 financing would stall projects and scare private capital
Summary
Developers and housing advocates told the Joint Budget Committee that sweeping or reducing Prop 123 (referred to as Prop 1/2/3/Prop 123 in testimony) financing would halt projects already underway, jeopardize private co‑investment, and reduce the state's leverage in affordable housing development.
Affordable‑housing advocates told the Joint Budget Committee that changes to the state's Prop 1/2/3 financing program (often referenced in testimony as Prop 123) would interrupt projects that have already closed or are under way and would chill private investment that leverages state dollars.
Abby Murray, co‑founder and CEO of the Colorado Housing Accelerator…
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