CO SB006

Authorizes the State Treasurer to invest up to $50 million in bonds issued by quasi-governmental authorities to create affordable for-sale housing in Colorado, with investment terms up to 45 years and below-market interest rates permitted

Housing created must serve borrowers earning no more than 140% of the statewide area median income, with priority given to lowest-income borrowers and demonstrated community needs

Bonds must have at least two credit ratings at or above A- or A3 from nationally recognized rating organizations

State Treasurer must reinvest principal proceeds after 50% of the original principal has been repaid

Bond issuers must submit annual reports to the Treasurer and General Assembly detailing units constructed, affordability levels, project locations, average sale prices by region (rural, urban, rural resort), and housing market data on remaining affordability disparities