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Legislative Year: 2022 Change
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Bill Detail: HB22-1282

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Title The Innovative Housing Incentive Program
Status Governor Signed (05/20/2022)
Bill Subjects
  • Housing
  • State Government
House Sponsors K. Mullica (D)
M. Lynch (R)
Senate Sponsors J. Bridges (D)
R. Woodward (R)
House Committee Business Affairs and Labor
Senate Committee Business, Labor and Technology
Date Introduced 03/07/2022
Summary

The bill creates the innovative housing incentive program
(program) within the office of economic development (office). A business
located in Colorado that manufactures certain types of housing may apply
for funding through the program. Funding may be awarded through grants
for capital operating expenses and for incentives for units manufactured
based on criteria established by the office, such as affordability, location

where the unit is installed in the state, or meeting energy efficiency
standards. Or, funding may be awarded through loans for the purpose of
funding a manufacturing factory. The bill creates the innovative housing
incentive program fund, requires a $40 million transfer to the fund, and
continuously appropriates all money in the fund to the office to fund the
program.

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