B50CC2A679772D73872587EB006E1AD6 Hearing Summary

PUBLIC
BILL SUMMARY For HB22-1051

HOUSE COMMITTEE ON TRANSPORTATION & LOCAL GOVERNMENT
Date Feb 16, 2022
Location LSB A

HB22-1051 - Referred to House Finance

Attachment Tag

File Name

Attachment

Feb16AttachmentAHB1051.pdf

Attachment

Feb16AttachmentBHB1051UploadedFiles.pdf

01:02:40 PM

Representatives McKean
and Bird, co-prime sponsors, introduced House Bill 22-1051 concerning modification
of the Colorado Affordable Housing Tax Credit and extending the time during
which the credit may be claimed and increasing the yearly amount of credits
that can be allocated. The bill extends the credit from December
31, 2024 to December 31, 2034 and increases the annual aggregate cap to
$15 million beginning on January 1, 2023.

01:09:50 PM

The bills sponsors responded to questions from committee members.

01:10:06 PM

Mr. Christopher Stimpson,
representing himself, testified in support of the bill. Mr. Andrew
Hamrick, representing the Colorado Apartment Association, testified
in support of the bill. Ms. Rachel Stern, representing Advantage
Capital Partners, testified in support of the bill. Jerilynn Francis,
representing the Colorado Housing and Finance Authority, testified in support
of the bill. Ms. Francis provided a handout (Attachment A).

01:13:49 PM

The witnesses responded to questions from committee members.

01:24:07 PM

Mr. Jonathan Cappelli, representing Neighborhood Development Collaborative, testified in support of the bill. Anneliese Steel, representing Colorado Concern, testified in support of the bill. Brian Rossbert, representing Housing Colorado, testified in support of the bill. Meghan Dollar, representing Colorado Municipal League, testified in support of the bill.

01:30:20 PM

Mr. Peter LiFari,
representing Maiker Housing Partners, testified in support of the bill.
Philip Gilman, representing Sugar Crewk Capital, testified in support
of the bill. Ms. Lindi Sinton, representing Volunteers of America,
testified in support of the bill. Commissioner Marsha Porter-Norton,
representing herself, testified in support of the bill. Ms. Auralea Moore,
representing herself, testified in support of the bill.

01:42:14 PM

Mr. Sebasti Corradino,
representing Archway Communities, testified in support of the bill.

01:54:31 PM

The witnesses responded to questions from committee members.

01:57:30 PM

Heidi Morgan, representing
Wells Fargo, testified in support of the bill. Uploaded files are
included as Attachment B.

02:00:59 PM

The bill sponsors made closing remarks.

02:05:05 PM

Committee members made comments.

02:06:18 PM	Motion	Refer House Bill 22-1051 to the Committee on Finance.
	Moved	Valdez D.
	Seconded	Valdez A.

	Boesenecker	Yes
	Catlin	Yes
	Hooton	Yes
	Lindsay	Yes
	Luck	No
	Pico	Yes
	Rich	Yes
	Sullivan	Yes
	Valdez A.	Yes
	Valdez D.	Yes
	Van Winkle	No
	Gray	Excused
	Froelich	Yes
	Final	YES: 10 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS

HB22-1051 - Referred to House Finance

Colorado General Assembly