Colorado Legislation Would Expand, Extend State LIHTC Incentive
Legislation introduced this week in the Colorado General Assembly would extend the state low-income housing tax credit (LIHTC) through 2034 and increase the annual allocation cap from $10 million to $15 million beginning in 2023. HB22-1051 would extend the incentive, which is set to sunset at the end of 2024. The Colorado credit pairs with federal LIHTCs and has developed or preserved more than 8,000 units since its enactment in 2015, according to the Colorado Housing Finance Agency.
How state and federal LIHTCs interact will be among the topics at the Novogradac 2022 Affordable Housing Conference, April 28-29 in San Francisco.