chfa enews

April 24, 2024

call to action

Contact House Appropriations Today to Urge Support for State Affordable Housing Tax Credit Increase

CHFA is asking our community to reach out to members of Colorado’s House Appropriations Committee today to urge their support for HB24-1434 that expands and strengthens the state Affordable Housing Tax Credit (AHTC).

The legislation has widespread support from a strong coalition that includes affordable housing developers, advocates, investors, and local communities. With the housing shortage facing Colorado, increasing construction and labor costs, and diminishing availability for gap fund resources, it is critical that this important legislation moves forward in the legislature. The bill will soon be heard in the House Appropriations Committee. State leaders need to hear from community members that this legislation has strong support across industries and throughout the state.

HB24-1434 proposes to increase CHFA’s existing $10 million in state AHTC allocation authority by $20 million in 2024-2026; $16 million in 2027-2029; and $10 million in 2030-2031 while strengthening these additional resources. CHFA’s Fact Sheet on HB24-1434 contains additional information.

Please reach out to members of the House Appropriations Committee today to urge support for HB24-1434.

Emily Sirota, Appropriations Committee Chair

Shannon Bird, Appropriations Committee Vice Chair

Judy Amabile

Andrew Boesenecker

Scott Bottoms

Lisa Frizell

Leslie Herod

Iman Jodeh

Stephanie Luck

Rick Taggart

Elizabeth Velasco

Please contact Jerilynn Francis, CHFA’s Chief Communications and Community Partnerships Officer, or Julia Selby, CHFA’s Legislative Liaison and Policy Analyst, for more information.

Connect with CHFA!