HB 25-1207
Fiscal Note
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
HB 25-1207: PET OWNERSHIP RESIDENTIAL HOUSING STRUCTURES
Prime Sponsors:
Rep. Mabrey; Duran
Sen. Winter F.; Exum
Published for: House Trans., Hous. & Local Gov.
Drafting number: LLS 25-0387
Fiscal Analyst:
Clayton Mayfield, 303-866-5851
clayton.mayfield@coleg.gov
Version: Initial Fiscal Note
Date: February 25, 2025
Fiscal note status: The fiscal note reflects the introduced bill.
Summary Information
Overview. The bill modifies certain housing laws regarding pet ownership.
Types of impacts. The bill is projected to affect the following areas on an ongoing basis:
Minimal State Workload Statutory Public Entity
Appropriations. No appropriation is required.
Table 1
State Fiscal Impacts
Type of Impact
Budget Year
FY 2025-26
Out Year
FY 2026-27
State Revenue $0 $0
State Expenditures $0 $0
Transferred Funds $0 $0
Change in TABOR Refunds $0 $0
Change in State FTE 0.0 FTE 0.0 FTE
Page 2
February 25, 2025 HB 25-1207
Summary of Legislation
The bill modifies laws regarding homeowner’s insurance, publicly financed housing through the
Department of Local Affairs (DOLA), and affordable housing development tax credits
administered by the Colorado Housing and Finance Authority (CHFA). Modifications are directed
at allowing pets in housing, as described below.
Homeowner’s Insurance
Current law prohibits insurers from taking certain actions based on the breed of dog a policy
holder has. For the purposes of this provision, the bill expands the definition of homeowner’s
insurance to include policies insuring any residential structures, and policies insuring the
contents of these structures.
Department of Local Affairs
The Division of Housing in DOLA administers programs that provide funding to housing
development projects. The bill requires DOLA to ensure that entities receiving funding allow
pets at developments, subject to reasonable conditions and applicable laws.
Colorado Housing Finance Authority
CHFA administers tax credits for affordable housing developments. The bill prohibits CHFA from
allocating credits to developments unless the developments allow pets, subject to reasonable
conditions and applicable laws.
State Expenditures
The bill minimally impacts state workload in the Department of Regulatory Agencies (DORA) and
the Department of Local Affairs as discussed below.
Department of Regulatory Agencies
The Division of Insurance in DORA regulates insurance carriers in the state. DORA may have an
increase in workload to ensure carriers comply with the requirements of the bill, and to handle
any complaints received from consumers. Overall, this increase is expected to be minimal and no
change in appropriations is required.
Department of Local Affairs
DOLA will have an increase in workload to ensure developments receiving DOLA funding comply
with the requirements of the bill. Overall, this increase is expected to be minimal and no change
in appropriations is required. Page 3
February 25, 2025 HB 25-1207
Statutory Public Entity
The bill increases workload in the Colorado Housing and Finance Authority to ensure credits are
not allocated to ineligible developments based on the requirements of the bill. The fiscal note
assumes any workload increase is minimal.
Technical Note
The bill does not specify a timeframe for when the bill’s requirements apply to allocation of
affordable housing development tax credits. The fiscal note assumes that the bill applies to
credits that may be allocated in the future after the effective date of the bill.
Effective Date
The bill takes effect 90 days following adjournment of the General Assembly sine die, assuming
no referendum petition is filed.
State and Local Government Contacts
Colorado Housing and Finance Authority
Local Affairs
Regulatory Agencies
Revenue
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit the General Assembly website.