HB 21-1329 Summary

• Creates the Affordable Housing and Home Ownership Cash Fund to receive $550 million in federal American Rescue Plan Act funds for housing assistance to populations disproportionately impacted by COVID-19.

• Authorizes the Division of Housing to use appropriated funds for supportive housing, affordable housing development, housing vouchers, and gap financing for projects through the Housing Investment Trust Fund and Housing Development Grant Fund.

• Transfers $1.5 million to the Eviction Legal Defense Fund to provide legal representation to indigent tenants facing eviction related to COVID-19, with funds to be used by December 31, 2024.

• Appropriates $98.5 million to the Department of Local Affairs for housing programs and $1.5 million to the Judicial Department for eviction legal defense in fiscal year 2021-22.

• Establishes a legislative task force to meet during the 2021 interim and recommend policies for using federal Coronavirus State Fiscal Recovery Fund money for transformative housing change; the entire section repeals July 1, 2027.