§ 29-4-1103 — Definitions

Colorado § 29-4-1103

• Jurisdiction: Colorado
• Title 29: Government
• Art.: Housing

Text

As used in this part 11, unless the context otherwise
requires:

(1) Affordable rental housing component means the property and activities
included in a public-private partnership that are part of an affordable rental
housing project or are related to providing housing assistance to tenants of an
affordable rental housing project.

(1.5) (a) Affordable rental housing project means property that has the
primary purpose of providing rental housing for middle-income individuals and
families, which property is selected by the authority in accordance with the
provisions set forth in section 29-4-1107 and is owned by the authority or is owned
and operated pursuant to a public-private partnership.

(b) An affordable rental housing project may include commercial space if
the board determines that the commercial space is incidental to the housing
component of the project.

(2) Authority means the middle-income housing authority created by this
part 11.

(3) Board means the board of directors of the authority.

(4) Bond means any bond, note, or other obligation of the authority
authorized to be issued under this part 11.

(5) Controlled entity means an entity established by the authority in
accordance with section 29-4-1106 (1)(g).

(6) Fair housing laws means the federal Fair Housing Act, 42 U.S.C. sec.
3601 et seq., as amended, any comparable law of the state, and any comparable
ordinance, resolution, or other law of any local government that property of the
authority is subject to and the regulations and rules promulgated under this part 11.

(7) Middle-income individuals and families means, only for purposes of this
part 11, except as modified in exceptional circumstances by the board pursuant to
section 29-4-1107 (2)(c), individuals and families with annual income of the
household between eighty percent and one hundred twenty percent of the area
median income of the households of that size in the county in which the affordable
rental housing project is located; except that, for middle-income individuals and
families residing in a rural resort county, the annual income of the household shall
be between eighty percent and one hundred forty percent of the area median
income of the households of that size in the county in which the affordable rental
housing project is located.

(8) Public-private partnership means a contract or agreement between the
authority and one or more public or private entities or persons to work together to
acquire, construct, finance, or operate an affordable rental housing project and to
allocate obligations, interests, rights, and revenues to, in, and from the affordable
rental housing project among the parties to the contract or agreement. A public-private partnership may include an agreement to work together to acquire,
construct, finance, or operate commercial property in connection with the
affordable rental housing project, as permitted in subsection (1.5)(b) of this section,
and to allocate obligations, interests, rights, and revenues to, in, and from the
commercial property among the parties to the agreement or contract and may
include an agreement to provide housing assistance to the tenants of an affordable
rental housing project.

Legislative History

Source: L. 2022: Entire part added, (SB 22-232), ch. 354, p. 2518, � 2, effective June 3. L. 2023: (1) amended and (1.5) and (8) added, (SB 23-035), ch. 317, p. 1918, � 2, effective June 2.