2023 Colorado Revised Statutes › Title 24 - GOVERNMENT - STATE (§§ 24-1-101 — 24-116-102) › PRINCIPAL DEPARTMENTS (§§ 24-30-101 — 24-36-306) › Article 32 - DEPARTMENT OF LOCAL AFFAIRS (§§ 24-32-101 — 24-32-3711) › Part 7 - DIVISION OF HOUSING - COLORADO HOUSING ACT OF 1970 (§§ 24-32-701 — 24-32-734) › Section 24-32-705.5 - [Effective Until 8/7/2024] Annual public report on funding of affordable housing preservation and production - definition - repeal

(1)
Commencing in 2021 and every year thereafter, as part of the department's presentation to its joint committees of reference at a hearing held pursuant to section
2-7-203 (2)(a)
of the "State Measurement for Accountable, Responsive, and Transparent (SMART) Government Act", in accordance with this section, the division shall prepare a public report that specifies the total amount of money that:
(a)
The division or the board was appropriated, awarded, allocated, or transferred from any federal, state, other public, or any private source during the prior fiscal year that may be used for the preservation or production of emergency or affordable housing;
(b)
The division or the board has awarded from any federal, state, other public, or any private source during the prior fiscal year in the form of a grant, contract, or loan to promote the preservation or production of emergency or affordable housing; and
(c)
The division expended during the prior fiscal year on administrative costs associated with each funding source identified in subsection (1)(a) of this section and the number of full-time employees supported by the funding source identified.
(2)
With respect to any funding award made by the division or the board to promote the preservation or production of emergency or affordable housing in the form of a grant or loan, the report must identify the:
(a)
Applicant for the award;
(b)
Name of the project being funded by the award;
(c)
Source of the award funding for the project;
(d)
Amount of award funding that was requested for the project identified at the time the final application was submitted;
(e)
Amount of funding awarded through the grant or loan;
(f)
Total cost of the entire project being funded by the award;
(g)
Municipality and county in which the project being funded by the award is located;
(h)
Type of housing solution being funded by the award, such as homeownership, rental, emergency, or affordable housing;
(i)
Purpose of the award, such as new construction of housing, preservation of existing housing, down payment assistance, land acquisition, or repairs of owner-occupied housing; and
(j)
Number of housing units built, acquired, rehabilitated, or preserved by the award.
(3)
Each report must also provide a summary describing the source and amount of all funding appropriated, re-appropriated, transferred, or otherwise made available to the division of housing that may be used for the preservation or production of emergency or affordable housing.
(3.3)
For the public report required by subsection (1) of this section, the division must include, on an annual basis, the information required to be included in accordance with section
24-32-731 (10)
.
(3.5)
For the public report required by subsection (1) of this section, the division shall include in the report for each year of the connecting Coloradans experiencing homelessness with services, recovery care, and housing supports grant program's operation, the information required pursuant to section
24-32-732
.
(3.7)
(a)
For the public report required by subsection (1) of this section that the division is required to prepare in 2023 and 2024, the division shall include in the report for each year the information required to be included in the report in accordance with section
23-32-729 (5)
.
(b)
This subsection (3.7) is repealed, effective July 1, 2026.
(4)
The division shall post the most recent version of the annual public report it has prepared as required under subsection (1) of this section in a prominent place on the division's website. In addition, on an annual basis, the division shall deliver a copy of the most recent version of the report to the board as well as to the joint committees of reference for purposes of the hearing held pursuant to section
2-7-203 (2)(a)
of the "State Measurement for Accountable, Responsive, and transparent (SMART) Government Act".
(5)
Notwithstanding section
24-1-136 (11)(a)(I)
, the requirement to submit the report required by subsection (1) of this section continues indefinitely.
(6)
As used in this section,"affordable housing" means any current or prospective structure that has benefitted from, or that may benefit from, the award of a place-based grant or loan by the division. For purposes of this section, "affordable housing" includes permanent residences, such as rental or for-sale housing inhabited by low-, moderate-, and middle- income households, as well as temporary and emergency housing such as transitional housing and shelters and households that will benefit from down payment assistance.
Amended by 2022 Ch. 290, § 4, eff. 6/1/2022.
Amended by 2022 Ch. 285, § 4, eff. 5/31/2022.
Amended by 2022 Ch. 230, § 4, eff. 5/26/2022.
Added by 2021 Ch. 396, § 1, eff. 9/7/2021.
This section is set out more than once due to postponed, multiple, or conflicting amendments.