8E7F427606569D7187258C220071DE26 Hearing Summary

The committee recessed.

The committee reconvened.

Senator Roberts, prime sponsor, introduced and explained Senate Bill 25-006. The bill permits the State Treasurer to invest up to $50 million in bonds at below market rates to create affordable housing.

The bill sponsor responded to questions from the committee.

Leah Marvin-Riley, representing Colorado Department of Treasury, testified in a neutral position on the bill. Stefka Fanchi, representing Elevation Community Land Trust, testified in support of the bill. Thomas Bryan, representing Colorado Housing and Finance Authority, testified in support of the bill. Zach Martinez, representing Gary Advocacy, testified in support of the bill.

The panelists responded to questions from the committee.

Kinsey Hasstedt, representing Enterprise Community Partners, testified to amend the bill. Brian Rossbert, representing Housing Colorado, testified to amend the bill. Alison Morgan, representing Colorado Bankers Association, testified to amend the bill. Karen Kallenberg, representing Habitat for Humanity of Colorado, testified to amend the bill. Jonathan Cappelli, representing Neighborhood Development Collaborative, testified to amend the bill.

Written testimony submitted to the committee is appended as Attachment B.

The committee recessed.

The committee reconvened.

The bill sponsor introduced and explained amendment L.002 (Attachment C).

The bill sponsor introduced and explained amendment L.003 (Attachment D).

The bill sponsor made closing comments.

Committee members made closing comments.