s_sa_2016a_2016-04-20t13:38:17z2 Hearing Summary

Date: 04/20/2016

01:54 PM -- SCR16-004



Senator Ulibarri presented Senate Concurrent Resolution 16-004 to the committee. The resolution submits a ballot question to voters to approve a new transfer tax on the sale of real property with the new revenue dedicated to increase affordable housing. If approved by voters, the state constitution is amended to allow a new transfer tax on real property and create a new transfer tax with a rate of 0.1 percent. The new tax is collected by the County Clerk and Recorder when the deed is recorded. The tax revenue is deposited in the new State Affordable Housing Trust Fund administered by the Colorado Housing Finance Agency (CHFA).



01:58 PM -- Jason Hopfer, representing the Colorado Association of Realtors, testified against the resolution.



02:00 PM -- Michael Reis, representing the Longmont Housing Authority, testified in support of the resolution.



02:06 PM -- Carrie Baatz, representing the Independence Center, testified in support of the resolution.



02:10 PM -- Jeremy Durham, representing Boulder Housing Partners, testified in support of the resolution.



02:15 PM -- Kurt Firnhaber, representing the City of Boulder, testified in support of the resolution.





02:19 PM



Senator Ulibarri wrapped up his presentation to the committee.