CAR Brings Forward Legislation to Help Coloradans Overcome Obstacles to Homeownership
Homeownership is one of the fastest ways to build wealth, yet many Coloradans find themselves locked out. Colorado lawmakers can usher in a Century of Opportunity through:
- Financial literacy Education – Residents should receive the education they need to achieve upward mobility. A financial literacy high school curriculum should include understanding credit, debt, and student loans as well as preparing for homeownership and retirement.
- Credit Building Programs – Colorado should promote pilot programs that level the playing field for populations of color and give renters opportunities to build their credit so they can access homeownership.
- Requiring Division of Housing Annual Reporting – Colorado lawmakers should pass legislation to annually get a comprehensive picture of the state’s housing needs, be transparent about how we are meeting those needs, and base long-term affordable housing decision on data.
- Incentivizing Best Practices in Affordable Housing Development – We should empower and reward local governments that pursue policies that increase the potential for building or developing more supply of affordable housing to meet Colorado’s needs.
READ ABOUT THE INTRODUCED BILL HERE: HB-1028 Annual Public Report Affordable Housing
(LPC Position: Support)