CO SB226

Authorizes county boards of commissioners to establish voluntary housing agreement programs in unincorporated county areas through ordinances, resolutions, or binding law.

Defines "voluntary housing agreement program" as enabling agreements between counties and developers to increase affordable housing supply for low- and moderate-income households.

Program components may include setting aside a percentage of units on-site or off-site at affordable prices, providing developer incentives, targeting specific income ranges, and establishing affordability time periods.

Declares affordable housing shortage a major state challenge affecting economic growth and workforce development, noting hundreds of communities nationwide have successfully used these programs.

Takes effect August 2, 2019, unless a referendum petition is filed, in which case voter approval at the November 2020 general election is required.