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First Regular Session | 75th General Assembly
Colorado General Assembly

PUBLIC
BILL SUMMARY For SB25-006

HOUSE COMMITTEE ON TRANSPORTATION, HOUSING & LOCAL GOVERNMENT
Date Mar 4, 2025       Location LSB A

SB25-006 - Referred to House Finance
01:40:37 PM  
Representatives Rutinel and Bradfield, prime bill sponsors, introduced Senate Bill 25-006 to the committee. The bill permits the State Treasurer to invest up to $50 million in bonds at below market rates to create affordable housing. Bill sponsors provided written materials to the committee which can be found as Attachment A.
01:40:52 PM  
Bill sponsors responded to questions from the committee.
01:46:44 PM  
Leah Marvin-Riley, representing Colorado Department of Treasury, testified to amend the bill. Brian Rossbert, representing Housing Colorado, testified in support of the bill. Jerilynn Francis, representing Colorado Housing and Finance Authority, testified in support of the bill.
01:51:13 PM  
Witnesses responded to questions from the committee.
01:54:49 PM  
Kinsey Hasstedt, representing Enterprise Community Partners, testified in support of the bill. Stefka Fanchi, representing Elevation Community Land Trust, testified in support of the bill. Ms. Karen Kallenberg, representing Habitat for Humanity of Colorado, Inc., testified in support of the bill.
02:03:27 PM  
Josh Abram, Legislative Council Staff, responded to questions from the committee regarding the fiscal impact of the bill.
02:07:27 PM  
Bill sponsors provided final comments on the bill.

02:10:33 PM
 Motion Refer Senate Bill 25-006 to the Committee on Finance.
Moved Stewart R.
Seconded Camacho
Barron No
Boesenecker Yes
Camacho Yes
Jackson Yes
Lindsay Excused
Paschal Yes
Phillips Yes
Richardson No
Suckla Yes
Valdez Yes
Woog No
Stewart R. Yes
Froelich Yes
Final YES: 9   NO: 3   EXC: 1   ABS:  0   FINAL ACTION:  PASS