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Colorado Legislature Introduces Bill to Create State MIHTC

Tuesday, February 27, 2024 - 1:50PM

Legislation introduced in the Colorado House of Representatives would create a state middle-income housing tax credit (MIHTC) pilot program. H.B. 1316 would provide tax credits to finance housing that’s affordable for households earning 80% to 120% of the area median income (AMI), going up to 140% of the AMI in rural resort communities. The bill would authorize the state to allocate $10 million in awards in 2025, 2026 and 2027. The credits would be taken over five years.

States’ approaches to affordable housing will be a topic at the Novogradac 2024 Affordable Housing Conference, May 2-3 in San Francisco.

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