HB 22-1304 Summary

• Creates the Local Investments in Transformational Affordable Housing Grant Program to distribute $138 million in federal COVID-19 relief funds to local governments and nonprofits for affordable housing development, preservation, and supportive services.

• Establishes the Infrastructure and Strong Communities Grant Program with $40 million to fund infill infrastructure projects that support affordable housing development while promoting sustainable development patterns and reducing greenhouse gas emissions.

• Eligibility criteria include support for rental housing targeting households at 80-170% of area median income depending on county type, for-sale housing at 140% of area median income, and mixed-income developments with affordable units proportional to local needs.

• Requires development of sustainable land use best practices for local governments including zoning reforms, transit-oriented development, reduced parking requirements, and innovative housing options to improve viability for grant awards.

• Both grant programs sunset December 31, 2026, and require annual reporting on affordable housing units created, greenhouse gas emissions reductions, and best practices adopted by grantees.