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Governor, lawmakers unveil affordable housing measures

The HOME Act and companion bills aim to build 34,000 homes annually and dedicate up to $75 million yearly in sales tax for transit infrastructure, addressing Colorado's housing deficit.

  • Gov. Jared Polis joined Colorado Democratic lawmakers at the Capitol building in Denver on Jan. 21, 2026, to unveil three bills aimed at building affordable housing and investing in transit, highlighting the Housing Opportunities Made Easier Act as the centerpiece.
  • Amid rising housing costs, the state demographer estimates Colorado's shortfall exceeds 100,000 units, prompting legislative action, according to the Bell Policy Center.
  • House Bill 1066 would expand property‑tax exemptions to vacant land for subsidized rental units, building on a 2023 exemption, while House Bill 1065 creates financing and a tax credit of up to $50 million per year starting 2027 through 2033.
  • While sponsors call incentives an olive branch, the Colorado Municipal League, representing over 270 cities and towns, opposes the bills, and local governments consider legal challenges amid state versus local land‑use authority tensions, Speaker Julie McCluskie said.
  • Starting in 2027, some incentives include $50 million per year tax credit through 2033 and $350 million in tax credits spread over six years, while the transit investment program funds three projects annually.
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Colorado Politics broke the news in Colorado, United States on Wednesday, January 21, 2026.
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