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SB 40COLORADOSession 2026AState BillSigned into law

Enacted

Colorado updates Affordable Home Ownership Program eligibility and cost caps

Original title: Affordable Home Ownership Program

Last action · May 6, 2026: Governor SignedSponsors: Judy Amabile and 48 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Does

Colorado enacts legislation clarifying that households earning up to 120% of local or statewide are eligible for housing constructed through the Affordable Home Ownership Program. The law caps monthly housing costs at 38% of household income for standard units and 35% for mobile home grants, while establishing new waiver processes and rental guidelines.

Why it matters

Households seeking affordable homeownership or mobile home grants face newly defined income thresholds and monthly payment caps, while developers gain waiver options and rental transition timelines.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Eligible organizations

Nonprofits, local governments, community development financial institutions, and community land trusts must adhere to updated income eligibility rules, cost caps, and waiver processes.

Directly affected

Mobile home owners

Groups or associations of mobile home owners become eligible for grants and loans supporting affordable homeownership with monthly payment caps.

Directly affected

Tribal governments

Tribal governments can establish alternative affordability mechanisms and income limitations in lieu of state use covenants without disclosing confidential tribal data.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the maximum income eligibility for households purchasing homes built through the program?

Households with an income less than or equal to either 120% of the local or 120% of the statewide area median income are eligible.

What are the monthly housing cost caps for standard and mobile home ownership programs?

Standard program housing must not cost more than 38% of a household's monthly income, while mobile home ownership program payments must not exceed 35% of monthly household income.

Can units built through the program be rented out?

Yes, the division may allow an eligible organization to rent residential units, and the division must issue guidance by December 31, 2026, on the rental process and return to the for-sale market.

What else do you want to know?

News Coverage

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Where This Stands

Current status: Signed into law.

Procedural history

33 actions

May 6, 2026Office of the GovernorEnrolled
Governor Signed
Apr 27, 2026SenateFloor
Signed by the President of the Senate
Apr 27, 2026HouseFloor
Signed by the Speaker of the House
Apr 27, 2026Office of the GovernorEnrolled
Sent to the Governor
Apr 23, 2026Senate
Senate Considered House Amendments - Result was to Concur - Repass
Apr 21, 2026HouseFloor
House Third Reading Passed with Amendments - Floor

Show 27 earlier actions

Apr 20, 2026House
House Second Reading Special Order - Passed with Amendments - Committee, Floor
Apr 16, 2026House
House Second Reading Laid Over Daily - No Amendments
Apr 14, 2026HouseCommittee
House Committee on Transportation, Housing & Local Government Refer Amended to House Committee of the Whole
Mar 31, 2026SenateFloor
Senate Third Reading Passed - No Amendments
Mar 31, 2026HouseIntroduced
Introduced In House - Assigned to Transportation, Housing & Local Government
Mar 30, 2026SenateFloor
Senate Second Reading Passed with Amendments - Committee, Floor
Mar 27, 2026Senate
Senate Second Reading Laid Over to 03/30/2026 - No Amendments
Mar 26, 2026Senate
Senate Second Reading Laid Over to 03/27/2026 - No Amendments
Mar 25, 2026Senate
Senate Second Reading Laid Over to 03/26/2026 - No Amendments
Mar 24, 2026Senate
Senate Second Reading Laid Over to 03/25/2026 - No Amendments
Mar 23, 2026Senate
Senate Second Reading Laid Over to 03/24/2026 - No Amendments
Mar 20, 2026Senate
Senate Second Reading Laid Over to 03/23/2026 - No Amendments
Mar 19, 2026Senate
Senate Second Reading Laid Over to 03/20/2026 - No Amendments
Mar 18, 2026Senate
Senate Second Reading Laid Over to 03/19/2026 - No Amendments
Mar 17, 2026Senate
Senate Second Reading Laid Over to 03/18/2026 - No Amendments
Mar 16, 2026Senate
Senate Second Reading Laid Over to 03/17/2026 - No Amendments
Mar 13, 2026Senate
Senate Second Reading Laid Over to 03/16/2026 - No Amendments
Mar 12, 2026Senate
Senate Second Reading Laid Over to 03/13/2026 - No Amendments
Mar 11, 2026Senate
Senate Second Reading Laid Over to 03/12/2026 - No Amendments
Mar 10, 2026Senate
Senate Second Reading Laid Over to 03/11/2026 - No Amendments
Mar 9, 2026Senate
Senate Second Reading Laid Over to 03/10/2026 - No Amendments
Mar 6, 2026Senate
Senate Second Reading Laid Over to 03/09/2026 - No Amendments
Mar 5, 2026Senate
Senate Second Reading Laid Over to 03/06/2026 - No Amendments
Mar 4, 2026Senate
Senate Second Reading Laid Over to 03/05/2026 - No Amendments
Mar 3, 2026Senate
Senate Second Reading Laid Over to 03/04/2026 - No Amendments
Feb 26, 2026SenateCommittee
Senate Committee on Local Government & Housing Refer Amended to Senate Committee of the Whole
Jan 27, 2026SenateIntroduced
Introduced In Senate - Assigned to Local Government & Housing

Version history

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