356758D77F257143872588360070FB24 Hearing Summary

The committee took a brief recess.

The committee returned to order. Representatives Ortiz and Will, co-sponsors, presented Senate Bill 22-159. The bill creates the Transformational Affordable Housing Revolving Loan Program in the Division of Housing (DOH) in the Department of Local Affairs (DOLA) to provide flexible, low-interest, and below-market-rate loan funding to make investments in transformational affordable housing.

The sponsors responded to questions from the committee.

Ms Cathy Alderman, representing the Colorado Coalition for the Homeless, testified in support of the bill. Commissioner Tamara Pogue, representing Colorado Counties, Inc. and Counties and Commissioners Acting Together, testified in support of the bill. Brian Rossbert, representing Housing Colorado, testified in support of the bill.

Alison George, representing the DOLA Division of Housing, testified in support of the bill. Kinsey Hasstedt, representing Enterprise Community Partners, testified in support of the bill. Alison Morgan, representing the Colorado Bankers Association, testified to amend the bill. Jonathan Cappelli, representing Neighborhood Development Collaborative, testified in support of the bill.

Ms. George responded to questions from the committee.

Karen Kalavity, representing herself, testified about the bill.

Representative Will distributed and explained amendment L.013 (Attachment D).