CO HB1206

City and county housing authorities gain power to levy sales taxes (up to 1%), sales and use taxes, or property taxes (up to 5 mills) within their jurisdictions, subject to voter approval via TABOR-compliant ballot measures and a local government resolution finding fair cost distribution

County housing authorities receive new authority to issue revenue or general obligation bonds and pledge their revenues and revenue-raising powers to repay those bonds

Urban renewal authorities may enter shortfall guaranty contracts with developers requiring the developer to cover any insufficiency if tax increment revenue is inadequate to pay the authority's debt obligations

Shortfall guaranty contracts function as liens on the urban renewal project property with priority equal to tax liens and superior to mortgages, running with the land for the contract term

Effective date: January 1, 2027