CO SB167

Creates a Community Investment Portfolio within the Public School Fund, requiring the State Treasurer to invest at least 20% of the fund's value into community investments by July 1, 2032

Establishes the Educator First Home Ownership Program with investment targets of $100 million (or 6% of fund value) by July 1, 2028, and $200 million (or 12% of fund value) by July 1, 2030

Requires the Colorado Housing and Finance Authority to manage a shared equity down payment assistance program for public school employees, with 75% of program funds targeted toward this purpose and the program operational by July 1, 2026

Authorizes allowable community investments including school district bonds, mortgage-backed securities for public school employee housing, loans to community development financial institutions, and rental housing developments with preferences for educators

Appropriates $375,900 from public school fund investment income for FY 2025-26 to the Department of Treasury for implementation, including 2.0 FTE positions