Colorado Housing Act

This act governs state-level financing of housing development. It vests a governing board with authority to adopt rules, hold and expend funds, review and approve financing for housing developments, and supervise the housing sponsors it assists, and it authorizes that board to raise capital by issuing bonds and notes — with accompanying provisions on trust indentures, pledges, reserve funds, refunding, tax treatment of the obligations, audits, and the limits of state and personal liability for the debt. It also creates a dedicated housing fund, drawing on designated funding sources, from which loans are made to eligible applicants in coordination with other housing programs.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.