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CO SB006
Bill
Status
2/5/2018
Primary Sponsor
Rachel Zenzinger
Click for details
AI Summary
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Allows counties to voluntarily impose an increased surcharge of $5 per real estate document recorded beginning January 1, 2019, in addition to the existing $1 surcharge
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County clerks retain $1 of the $5 increased surcharge to cover electronic or core filing system costs; the remaining $4 is transmitted monthly to the state treasurer for the statewide attainable housing investment fund
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Creates the statewide attainable housing investment fund within the Colorado Housing and Finance Authority to administer housing assistance programs
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Requires that at least 25% of annual fund revenue support programs providing financial assistance to persons with household incomes up to 80% of area median income to finance, purchase, or rehabilitate single-family homes, and to nonprofits and political subdivisions making such loans
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Requires the Colorado Housing and Finance Authority to submit annual reports by June 1 detailing fund usage during the prior calendar year to the governor and senate and house finance committees
Legislative Description
Recording Fee To Fund Attainable Housing
Last Action
Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
2/5/2018