Colorado § 29-4-713 Power of the board - home improvement loans

Colorado Statutes

§ 29-4-713 — Power of the board - home improvement loans

Colorado·Title 29 Government·Art. Housing

(1)The board may cause the executive director to formulate and from time to time modify a plan for the provision of home improvement loans upon a finding by the board that the provision of such loans is necessary for any one or more of the following purposes:

(a)To bring housing facilities for low- or moderate-income families into compliance with state, county, or municipal building, housing maintenance, fire, health, or similar codes and standards applicable to housing, including standards adopted by the authority under section 29-4-714;

(b)To reduce the total energy requirements of such housing facilities;

(c)To improve such housing facilities to a more livable and maintainable condition as part of a program or plan to arrest deterioration by means of neighborhood conserva

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(1) The board may
cause the executive director to formulate and from time to time modify a plan for
the provision of home improvement loans upon a finding by the board that the
provision of such loans is necessary for any one or more of the following purposes:

(a) To bring housing facilities for low- or moderate-income families into
compliance with state, county, or municipal building, housing maintenance, fire,
health, or similar codes and standards applicable to housing, including standards
adopted by the authority under section 29-4-714;

(b) To reduce the total energy requirements of such housing facilities;

(c) To improve such housing facilities to a more livable and maintainable
condition as part of a program or plan to arrest deterioration by means of
neighborhood conservation and upgrading.

(2) If the board ascertains that private financing for home improvement loans
is not available on reasonably equivalent terms and conditions and that the
necessary means of financing such plan are available to the authority, the board
may approve such plan.

Colorado § 29-4-713 (Power of the board - home improvement loans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 76: Entire section added, p. 689, � 3, effective April 19. L. 77: IP(1), (1)(a), and (1)(c) added and (2) amended, p. 1413, � 3, effective June 19.