CO HB1204

Senior cooperative housing projects owned by cooperatives or cooperative housing corporations may qualify for property tax exemption as a "project" of a local housing authority

"Senior cooperative housing project" is defined as a multi-unit residential building or complex occupied by qualifying seniors (individuals at least 65 years old and of low income)

Senior cooperative housing projects in public-private partnerships with the middle-income housing authority may also qualify for property tax exemption as "affordable rental housing projects"

For middle-income housing authority partnerships, qualifying seniors include those of low or middle income (not just low income)

Effective date is August 12, 2026, unless a referendum petition is filed, in which case voter approval would be required in November 2026