53CEAD0940180F4887258C43007193CE Hearing Summary

PUBLIC
BILL SUMMARY For SB25-006

HOUSE COMMITTEE ON TRANSPORTATION, HOUSING & LOCAL GOVERNMENT
Date Mar 4, 2025
Location LSB A

SB25-006 - Referred to House Finance

Attachment Tag

File Name

Attachment A

Attachment A.pdf

01:40:37 PM

Representatives Rutinel and Bradfield, prime bill sponsors, introduced Senate Bill 25-006 to the committee. The bill permits the State Treasurer to invest up to $50 million in bonds at below market rates to create affordable housing. Bill sponsors provided written materials to the committee which can be found as Attachment A.

01:40:52 PM

Bill sponsors responded to questions from the committee.

01:46:44 PM

Leah Marvin-Riley,
representing Colorado Department of Treasury, testified to amend the bill.
Brian Rossbert, representing Housing Colorado, testified in support of
the bill. Jerilynn Francis, representing Colorado Housing and Finance Authority,
testified in support of the bill.

01:51:13 PM

Witnesses responded to questions from the committee.

01:54:49 PM

Kinsey Hasstedt,
representing Enterprise Community Partners, testified in support of the
bill. Stefka Fanchi, representing Elevation Community Land Trust, testified
in support of the bill. Ms. Karen Kallenberg, representing Habitat for
Humanity of Colorado, Inc., testified in support of the bill.

02:03:27 PM

Josh Abram, Legislative Council Staff, responded to questions from the committee regarding the fiscal impact of the bill.

02:07:27 PM

Bill sponsors provided final comments on the bill.

02:10:33 PM	Motion	Refer Senate Bill 25-006 to the Committee on Finance.
	Moved	Stewart R.
	Seconded	Camacho

	Barron	No
	Boesenecker	Yes
	Camacho	Yes
	Jackson	Yes
	Lindsay	Excused
	Paschal	Yes
	Phillips	Yes
	Richardson	No
	Suckla	Yes
	Valdez	Yes
	Woog	No
	Stewart R.	Yes
	Froelich	Yes
	Final	YES: 9 NO: 3 EXC: 1 ABS: 0 FINAL ACTION: PASS

SB25-006 - Referred to House Finance

Colorado General Assembly