BILL SUMMARY for HB16-1466
SENATE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS
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01:23 PM -- HB16-1466
Senator Ulibarri presented House Bill 16-1466 to the committee. In FY 2015-16, the bill transfers $40 million from the Unclaimed Property Trust Fund by June 30, 2016, to be used for affordable housing projects.
Of this amount, $30 million is transferred to the Housing Development Grant Fund. The funds must be used by the Division of Housing in the Department of Local Affairs (DOLA) for new and existing programs to improve, preserve, or expand the supply of affordable housing, including rental assistance for households with low incomes. The State Housing Board must approve the allocation of funds within DOLA.
01:26 PM -- Claire Levy, representing the Colorado Center on Law & Policy, testified in favor of the bill and presented a handout (Attachment B).
01:29 PM -- Jerilynn Martinez, representing Colorado Housing and Finance Authority, testified in support of the bill
01:34 PM -- Steska Fanchi, representing Habitat for Humanity, testified in support of the bill.
01:39 PM -- Kelli Fritts and Roberto Rey, representing AARP, testified in support of the bill.
01:41 PM -- Ted Leighty, representing Colorado Association of Realtors, testified in support of the bill.
01:44 PM -- Lydia Waligorski, representing the Colorado Coalition Against Domestic Violence, testified in support of the bill.
01:47 PM -- Alison George, representing Colorado Division of Housing and the Department of Local Affairs, testified on the bill.
01:49 PM -- Charles Perry, representing Perry Rose LLC, testified in support of the bill.
01:55 PM -- Aaron Miripol, representing Housing Colorado, testified in support of the bill.
01:58 PM -- Ed Shackelford, representing the Senior Lobby, testified in support of the bill.
02:00 PM -- Meghan Dollar, representing Colorado Municipal League, testified in support of the bill.
Senator Ulibarri wrapped up his presentation to the committee. The bill was laid over for action later in the meeting.