Support Affordable Homeownership & House Bill 1195
Please tell your Representative that affordable homeownership is not only important - it is imperative for the future of Colorado.
HB 1195, the Affordable Homeownership Tax Credit, provides a state income tax credit for contributions to nonprofit organizations and housing authorities engaged in the new construction of affordable housing for homeownership. The Colorado Association of REALTORS® (CAR) strongly supports this bill. This legislation will incentivize new construction of affordable housing that all communities of Colorado need given the significant lack of affordable inventory statewide. These projects are targeted for homeowners in both the low-income and workforce housing levels. CAR is happy to support good public policy solutions that will start to address the ongoing problem of increasing the supply of affordable housing for every Coloradan.
HB 1195 creates a tax credit to incentivize private investment to develop affordable homeownership across Colorado. Please encourage your Representative to prioritize affordable housing in Colorado now!
