Colorado 2024 Regular Session

Colorado Senate Bill SB174

Introduced
3/5/24  
Introduced
3/5/24  
Report Pass
4/9/24  
Refer
3/5/24  
Report Pass
4/9/24  
Report Pass
4/16/24  
Refer
4/9/24  
Report Pass
4/16/24  
Engrossed
4/24/24  
Refer
4/16/24  
Engrossed
4/24/24  
Refer
4/24/24  
Report Pass
5/3/24  
Report Pass
5/3/24  
Refer
5/3/24  
Report Pass
5/6/24  
Report Pass
5/6/24  
Enrolled
5/8/24  
Refer
5/6/24  
Enrolled
5/8/24  
Engrossed
5/16/24  
Engrossed
5/16/24  
Engrossed
5/16/24  
Passed
5/31/24  
Enrolled
5/16/24  

Caption

Sustainable Affordable Housing Assistance

Impact

The bill's provisions are anticipated to significantly impact state laws related to housing regulations, offering local governments the flexibility to establish programs aimed at reducing impact fees, streamlining approval processes, and providing financial assistance to developers. By supporting initiatives such as density bonus programs and expedited development approvals, SB174 aims to increase the availability of affordable housing options for residents facing economic challenges, thus enhancing overall community well-being.

Summary

Senate Bill 174, titled 'Sustainable Affordable Housing Assistance,' addresses the critical need for affordable housing across municipalities by establishing guidelines and incentives for local governments to enhance affordable housing development. The bill promotes the enactment of strategies that facilitate the construction of affordable housing units and prioritizes local revenue sources to support these developments. Additionally, it broadens the definitions relating to housing types and encourages local governments to amend zoning ordinances to allow for greater housing density, including multifamily and middle housing units.

Sentiment

Overall sentiment around SB174 is positive among housing advocates and local government officials. Proponents argue that it is a vital step towards addressing the growing affordable housing crisis by empowering local governments with the necessary tools to effectively respond to community housing needs. However, there remains some apprehension from critics who worry about the potential for overreach, particularly concerning local governance and zoning authority.

Contention

Notable points of contention include concerns over the adequacy of local discretion in implementing new strategies without state interference. Some stakeholders fear that while the intentions of the bill are to enhance local control, it could inadvertently lead to challenges in maintaining community standards by enabling a range of new housing developments that may not align with local needs or preferences. The balance between state directives and local autonomy continues to be a pivotal discussion point among legislators and constituents.

Companion Bills

No companion bills found.

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