CO SB 24-174
Title: Sustainable Affordable Housing Assistance
Author: Ty Winter
Summary
Housing needs assessments. The bill requires the executive director of the department of local affairs (director), no later than December 31, 2024, to develop reasonable methodologies for conducting statewide, regional, and local housing needs assessments and reasonable guidance for a local government to identify areas at elevated risk of displacement. The bill requires the director, no later than November 30, 2027, and every 6 years thereafter, to conduct a statewide housing needs assessment that analyzes existing and future statewide housing needs and to publish a report identifying current housing stock and estimating statewide housing needs. The bill requires each local government, beginning December 31, 2026, and every 6 years thereafter, to conduct and publish a local housing needs assessment. The bill outlines the process for a local government conducting a local housing needs assessment and for determining when a local government is exempt from conducting a local housing needs assessment. The bill requires local governments to submit local housing needs assessments to the department of local affairs (department), which shall publish those assessments on the department's website. Relatedly, the bill allows a regional entity to conduct a regional housing needs assessment. If a regional entity conducts a regional housing needs assessment, the bill requires the regional entity to submit the assessment both to each local government in the region and to the department, which shall publish those assessments on the department's website. Housing action plans. A housing action plan is an advisory document that demonstrates a local government's commitment to address housing needs and that guides a local government in developing legislative actions, promoting regional coordination, and informing the public of the local government's efforts to address housing needs in the local government's jurisdiction. The bill requires a local government with a population of 1,000 or more to make a housing action plan no later than January 1, 2028, and every 6 years thereafter. The bill identifies the specific elements that a housing action plan must include, explains how a local government may update a housing action plan, requires a local government to report its progress in implementing the plan to the department, and requires a local government to submit a housing action plan to the department, which shall publish those assessments on the department's website. Publishing of reports. The bill requires the director to publish reports on the following no later than December 31, 2024: A directory of housing and land use strategies to guide local governments in encouraging the development of a range of housing types with a primary focus on increasing housing affordability; and A directory of housing and land use strategies to guide local governments in avoiding, reducing, and mitigating the impact of displacement. The bill establishes the minimum required elements for both types of directories of housing and land use strategies. The bill also requires the director to develop and publish: No later than June 30, 2025, in consultation with the Colorado water conservation board, a joint report concerning water supply; and No later than December 31, 2025, in coordination with relevant state agencies, a natural land and agricultural interjurisdictional opportunities report. Technical assistance. The bill requires the division of local government (division) to provide technical assistance and guidance through a grant program, the provision of consultant services, or both to aid local governments in: Establishing regional entities; Creating local and regional housing needs assessments; Making a housing action plan; Enacting laws and policies that encourage the development of a range of housing types or mitigate the impact of displacement; and Creating strategic growth elements in master plans. The bill creates the continuously appropriated housing needs
Status
Senate Third Reading Passed - No Amendments
Bill Documents
CO SB 24-174 - Introduced Version
2024-03-05 - CO SB 24-174 (Introduced Version)
CO SB 24-174 - PA1 Preamended Versions
2024-03-05 - CO SB 24-174 (PA1 Preamended Versions)
CO SB 24-174 - PA2 Preamended Versions
2024-03-05 - CO SB 24-174 (PA2 Preamended Versions)
CO SB 24-174 - Engrossed Version
2024-03-05 - CO SB 24-174 (Engrossed Version)
CO SB 24-174 - Reengrossed Version
2024-03-05 - CO SB 24-174 (Reengrossed Version)