SB 22-146

Senate Bill 22-146, also known as the Middle Income Access Program Expansion, allocates $25 million from Colorado’s general fund to help middle-income families buy homes. This money will be used by the Colorado Housing and Finance Authority (CHFA) to expand a program that assists these families with down payments and closing costs. The bill has been signed into law, meaning it is now active and the funding can start being distributed to eligible homebuyers.

Official Summary

The act appropriates $25 million from the affordable housing and home ownership cash fund, which money originates from the general fund, to the department of local affairs (DOLA) for expansion of the middle income access program created and administered by the Colorado housing and finance authority (CHFA). The act requires the division of housing within DOLA to contract with CHFA for administration of the money appropriated. (Note: This summary applies to this bill as enacted.)

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