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AS PROMISED, I AM KEEPING YOU UPDATED ON NEW LEGISLATION SIGNED BY COLORADO’S GOVERNOR, EFFECTIVE JULY 1, 2022.
HOUSE BILL 1282 OR WHAT POLITICAL LEADERS ARE CALLING COLORADO’S “INNOVATIVE HOUSING INCENTIVE PROGRAM” ALLOWS FOR COLORADO-BASED BUSINESSES THAT MANUFACTURE HIGH-QUALITY, MODULAR AND 3-D PRINTED HOMES TO APPLY FOR GOVERNMENT FUNDING.
THE LAW INCENTIVIZES THESE BULDERS OF MODULAR HOUSING TO ALIGN WITH THE STATE OF COLORADO’S GOALS OF PROVIDING AFFORDABILITY, ENERGY, EFFICIENCY AND QUALITY HOUSING.
AFFORDABLE HOUSING IS AN ISSUE FOR MANY COMMUNITIES ACROSS THE STATE AND COUNTRY, AND THIS PROGRAM IS DESIGNED TO CLOSE THE HOUSING GAP AND ALLOW FOR MORE COLORADANS TO BE ABLE TO ATTAIN THE DREAM OF HOMEOWNERSHIP.
THE PROGRAM CREATED BY THIS NEW LAW, BRINGS PRIVATE SECTOR MANUFACTURING COMPANIES TOGETHER WITH PUBLIC SECTOR FINANCING IN ORDER TO LOWER THE COST OF HOUSING.
THE LAUNCH OF NEW FACTORIES THAT MANUFACTURE MODULAR AND 3-D HOMES IS DESIGNED TO SUPPORT COLORADO COMMUNITIES EFFECTED BY LACK OF AFFORDABLE HOUSING. THIS IS PARTICULARLY PREVALENT IN COLORADO MOUNTAIN TOWNS LIKE SUMMIT COUNTY AND MESA COUNTY WHICH STRUGGLE WITH HOUSING FOR THOSE WHO WORK IN THE COMMUNITY.
JOIN ME NEXT MONTH FOR NEWS AND INSIGHTS INTO COLORADO’S REAL ESTATE MARKET @COLORADOHOMEINSIDER.COM. THANKS FOR JOINING ME TODAY.
