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Colorado Proposition 123 would decrease TABOR refunds on income tax to provide additional funding for housing affordability programs statewide.
The creation of the State Affordable Housing Fund, which would use one-tenth of one percent (0.1%) of state income tax revenue to fund affordable housing programs, including: Provide grants to local governments and loans to nonprofit organizations to buy and maintain land to develop affordable housing .
The down payment can help fund new housing or the rehabilitation of a family's existing housing. [2] Building or rehabilitation of housing for rent or ownership – In this type of activity, HOME funds may fund the building of housing units that the government provides to low-income families. The families either pay a monthly rent or may ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Proposition 5 will lower the voter threshold required to pass local affordable housing and transportation bond measures. Your guide to Proposition 5: Making it easier to pass local housing, road bonds
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
Proposition 1, the only statewide initiative on the March 5 ballot, is also one of the most complicated and lengthy measures in recent years. It takes up 68 pages of the 112-page voter information ...
The term "affordable housing" refers to housing that is considered economically accessible for individuals and families whose household income falls at or below the Area Median Income (AMI), as evaluated by either national or local government authorities through an officially recognized housing affordability index. [3]