HB24-1313

Reward transit-oriented housing; penalize non-compliance

State: Colorado

Status: Enacted ✅

Formal Title: An act concerning incentives for housing development near transit

Summary: Establishes transit-oriented communities in Colorado to increase housing near transit hubs. These communities must meet housing opportunity goals by ensuring adequate zoned density and administrative approvals for multifamily developments. The bill mandates state guidance for setting these goals and requires regular progress reports from communities. Non-compliance may result in withholding of funds from the Highway User Tax Fund. The bill also introduces tax incentives for developments in these areas and sets up a grant program for infrastructure upgrades within designated transit and neighborhood centers.

Main sponsors: Iman Jodeh, Steven Woodrow, Chris Hansen, Faith Winter

Legislative text: http://leg.colorado.gov/bills/hb24-1313