Colorado § 29-32-101 Definitions

Colorado Statutes

§ 29-32-101 — Definitions

Colorado § 29-32-101

Title 29Government

Art.Statewide Affordable Housing Fund

This text of Colorado § 29-32-101 (Definitions) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 29-32-101 (2026).

Text

As used in this article, unless the context otherwise requires:

(1)Administrator means a political subdivision of the State of Colorado established for the purposes, among others, of increasing the supply of decent, safe, and sanitary housing for low- and moderate-income families, or other third party established for such purposes, selected by the office to administer certain affordable housing programs created in section 29-32-104.

(2)Affordable housing means rental housing affordable to a household with an annual income of at or below sixty percent of the area median income, and that costs the household less than thirty percent of its monthly income. Affordable housing also means for-sale housing that could be purchased by a household with an annual income of at or below one

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this article, unless the context otherwise
requires:

(1) Administrator means a political subdivision of the State of Colorado
established for the purposes, among others, of increasing the supply of decent,
safe, and sanitary housing for low- and moderate-income families, or other third
party established for such purposes, selected by the office to administer certain
affordable housing programs created in section 29-32-104.

(2) Affordable housing means rental housing affordable to a household
with an annual income of at or below sixty percent of the area median income, and
that costs the household less than thirty percent of its monthly income. Affordable
housing also means for-sale housing that could be purchased by a household with
an annual income of at or below one hundred percent of the area median income,
for which the mortgage payment costs the household thirty percent or less of its
monthly income. Targets set for the local governments and tribal governments
under section 29-32-105 for affordable housing shall be based on the area median
income. If a local government or tribal government determines that application of
this definition of affordable housing would cause implementation of this article in a
manner inconsistent with demonstrated housing and workforce needs within the
jurisdiction, it may petition the division for leave to use the calculation applicable to
an adjacent jurisdiction or the state median income that better reflects the local
government's or tribal government's demonstrated needs.

(3) Area median income means the median household income of
households of a given size in the municipality, or metropolitan statistical area
encompassing a municipality, or county in which the housing is located, as
calculated and published for a given year by the United States Department of
Housing and Urban Development.

(4) Division means the division of housing in the department of local affairs
created in section 24-32-704 (1).

(5) Support fund means the affordable housing support fund created in
section 29-32-103 (1).

(6) Fund means the state affordable housing fund created in section 29-32-102 (1).

(7) Local government means a municipality, whether home rule or
statutory; a county, whether home rule or statutory; a city and county; or a local
housing authority.

(8) Office means the office of economic development created in section
24-48.5-101.

(9) Financing fund means the affordable housing financing fund created in
section 29-32-103 (2).

(10) Rural resort community means any county classified as a rural resort
by the division in accordance with section 29-4-1107 (1)(d), or a municipality,
whether home rule or statutory, or a local housing authority located within the
county so classified.

(11) Tribal government means a federally recognized tribal nation that has
land within Colorado.

Legislative History

Source: Initiated 2022: Entire article added, Proposition 123, effective upon proclamation of the Governor, December 27, 2022. L. 2023: (2) amended and (10) and (11) added, (HB 23-1304), ch. 381, p. 2282, � 1, effective June 5.