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s_fin_2018a_2018-01-23t14:02:25z1 Hearing Summary




PUBLIC
BILL SUMMARY For SB18-007

SENATE COMMITTEE ON FINANCE
Date Jan 23, 2018      
Location SCR 357



SB18-007 - Referred to Senate Appropriations


02:08:38 PM  
Senators Tate and Guzman, co-prime sponsors, presented Senate Bill 18-007, which continues the Colorado low-income housing tax credit that is scheduled to expire after 2019.
02:09:44 PM  
Jerilynn Martinez, representing the Colorado Housing and Finance Authority, testified in support of the bill.
02:14:22 PM  
Ms. Martinez responded to a committee question regarding recent private equity investment in the program.
02:16:53 PM  

George Thorn, representing Mile High Development, testified in support of the bill.

02:21:47 PM  

Bob Munroe, representing Solvera Advisors, testified in support of the bill.

02:22:07 PM  

Mr. Munroe responded to a committee question regarding quantifying the success of the program.

02:23:39 PM  
Kimball Crangle, representing Gorman and Company, testified in support of the bill.
02:30:43 PM  

Troy Gladwell, representing the Colorado Chapter of the National Association of Housing and Redevelopment Officials, testified in support of the bill.

02:33:10 PM  
Mr. Gladwell responded to a committee question regarding the economic impact of building new housing units.
02:36:46 PM  
Maggie Grady, representing Sugar Creek Capital, testified in support of the bill.
02:38:51 PM  

Jim Riieker, representing Advantage Capital, testified in support of the bill.

02:40:30 PM  

Sara Reynolds, representing Housing Colorado, testified in support of the bill.

02:48:39 PM  

Meghan Dollar, representing the Colorado Municipal League, testified in support of the bill.

02:48:58 PM  
Ms. Dollar responded to a committee question related to workforce housing programs.
02:50:29 PM  
Ms. Reynolds provided additional comments about workforce housing programs.
02:53:19 PM  

Robert Chase, representing himself, testified on the bill.

02:59:18 PM  

Senators Tate and Guzman wrapped up their presentation of the bill.



03:01:53 PM
Motion Refer Senate Bill 18-007 to the Committee on Appropriations.
Moved Tate
Seconded
Court Yes
Jahn Yes
Tate Yes
Smallwood No
Neville T. No
Final YES: 3   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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