The bill creates the
tenants' rent payment information rent reporting for credit pilot program (pilot program) and directs the Colorado housing and finance authority (authority) to contract with a third party (contractor) to administer the pilot program in accordance with rules promulgated by the authority.
administrator contractor shall recruit no more than 10 landlords to participate in the pilot program and, to the extent practicable, shall attempt to include a total of at least one hundred participant tenants, with an emphasis on selecting participant tenants from populations that are under-served and under-represented in home ownership. To the extent practicable, the contractor shall recruit participant landlords who offer:
- A variety of types of dwelling units for rent, including dwelling units of various sizes;
- Dwelling units for rent that are located in diverse areas of the state; and
- At least 5 dwelling units for rent.
On or before
January 1 June 1 , 2024, the authority, in consultation with the administrator contractor , shall submit to the governor and applicable legislative committees of reference a report concerning the pilot program.
The pilot program is repealed, effective
June 1 September 1 , 2024.
(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)