SB 53 — Colorado Housing and Finance Authority Mortgage POST Officers First Responders

SecondNOTE: Regular Session Seventy-fifth General Assembly STATE OF COLORADO REREVISED This Version Includes All Amendments Adopted in the Second House LLS NO.

26-0580.01This Sambill Andersonhas x4218been SENATEprepared BILLfor 26-053the SENATEsignatures SPONSORSHIPof Kirkmeyerthe andappropriate Mullica,legislative Carson,officers Coleman, Daugherty, Frizell, Kipp, Lindstedt, Liston, Pelton B., Roberts, Snyder HOUSE SPONSORSHIP Clifford and Gonzalezthe R.,Governor. Boesenecker, Duran, Hamrick, Lindsay, McCluskie, Nguyen, Phillips, Rutinel, Velasco g i a 6 E R 20 U r , O 3 i H e p Senate Committees House Committees n A Local Government & Housing Transportation, Housing & Local Government e A g A BILL FOR AN ACT d 06 E a 2 C ONCERNING THE EXPANSION OF ELIGIBLE BORROWERS FOR S R 0 O d h H 2 r MORTGAGESTHROUGHTHE C OLORADOHOUSINGANDFINANCE e a n M AUTHORITY .

eTo Adetermine Billwhether Summarythe dGovernor (Note:has signed the bill or taken other action on it, please consult the legislative status sheet, the legislative history, or the Session Laws.

ThisSENATE summaryBILL applies26-053 toBY thisSENATOR(S) billKirkmeyer as introduced and doesMullica, dCarson, notreflectanyamendmentsthatmaybesubsequentlyadopted.IfthisbillDaugherty, eFrizell, 2Kipp, ELindstedt, aListon, 2Pelton passesB., thirdRoberts, readingSnyder, inColeman; the house of introduction, a bill summary that A U 2 applies to the reengrossed version of this bill will be available at N n h S a r http://leg.colorado.gov.) e M r The bill expands eligibility for mortgage loans through the Colorado housing and finance authorityto law enforcement officers and first responders, irrespective of income.

nalso dREPRESENTATIVE(S) 2Clifford eand 2Gonzalez ER., RBoesenecker, ,Duran, AHamrick, nLindsay, 2Nguyen, EPhillips, 2Rutinel, rVelasco, ShadingMcCluskie. denotes HOUSE amendment.

DoubleC underliningONCERNING denotesTHE SENATEEXPANSION amendment.OF ELIGIBLE BORROWERS FOR MORTGAGES THROUGH THE C OLORADO HOUSING AND FINANCE AUTHORITY .

SBe eit renacted Capitalby lettersthe orGeneral boldAssembly &of italic numbers indicate new material to be added to existing law.n e Dashes through the wordsState orof numbersColorado: indicate deletions from existing law.

m F A Be it enacted by the General Assembly of the State of Colorado:

The short title of thisactisthis act is the "Colorado Champions Home Loan Program".

SECTIONSECTION2. 2.

InInColoradoRevisedStatutes,29-4-703,amend(5.4); Colorado Revised Statutes, 29-4-703, amend (5.4);

and add (5.6), (5.8), (5.9), and (12.3) as follows:

________ Capital letters or bold & italic numbers indicate new material added to existing law;

dashes through words or numbers indicate deletions from existing law and such material is not part of the act.

(5.4) "Government" means the federal government, the state government, and any county, municipality, or state agencyFIRSTagency "F IRST RESPONDER " MEANS A PEACE OFFICER , FIREFIGHTER,ORFIREFIGHTER, OR EMERGENCY MEDICAL TECHNICIAN .

The termdoesterm does not include a loan for a pool, hot tub, or anyotherany other construction not directly improving the structural integrity, general appearance, or living conditions within the housing facility.

(5.6) "GOVERNINGBODY "MEANSTHE" BOARDMEANSTHEBOARD ,COUNCIL ,OFFICER,,OFFICER,OR OR GROUP CHARGED WITH EXERCISING THE LEGISLATIVE POWER OF A GOVERNMENT .

(5.8) "GOVERNMENT"G OVERNMENT " MEANS THE FEDERAL GOVERNMENT ,THE STATE GOVERNMENT , ANDTHE ANYSTATEGOVERNMENT COUNTY,ANDANYCOUNTY ,MUNICIPALITY ,OR,ORSTATEAGENCY STATE AGENCY .

(5.9) "HOMEIMPROVEMENTLOAN"H "MEANSALOANOFMONEYFOROME -2-IMPROVEMENT 053LOAN THE"MEANS ALTERATIONA ,REPAIR,ORLOAN IMPROVEMENT OF ANMONEY EXISTINGFOR HOUSING FACILITY.THETERMDOESNOTINCLUDEALOANFORAPOOL ,HOTTUB ,OR OTHER CONSTRUCTION NOT DIRECTLY IMPROVING THE STRUCTURALALTERATION INTEGRITY,GENERAL, APPEARANCEREPAIR, ,OROR LIVINGIMPROVEMENT CONDITIONSOF WITHINAN THEEXISTING HOUSING FACILITY.

(12.3)THE "PACEOFFICERTERM "MEANSAPEACEOFFICERASDESCRIBEDINDOES SECTIONNOT 16-2.5-102AINCLUDE NONCERTIFIEDA DEPUTYLOAN SHERIFFFOR ASA DESCRIBEDPOOL IN,HOT SECTIONTUB 16-2.5-103(2ANEMERGENCYCOMMUNICATIONSSPECIALISTAS,OR DEFINEDOTHER INCONSTRUCTION SECTION29-11-101NOT (10.5),DIRECTLY AIMPROVING CORRECTIONSTHE OFFICERSTRUCTURAL ASINTEGRITY DESCRIBED,GENERAL INAPPEARANCE SECTION,OR 16-2.5-135,ALIVING PORTCONDITIONS OFWITHIN ENTRYTHE OFFICERHOUSING ASFACILITY DESCRIBEDINSECTION. 16-2.5-115ORAWILDLIFEOFFICERASDESCRIBED IN SECTION16-2.5-116.

(12.3) "P EACE OFFICER" MEANS A PEACE OFFICER AS DESCRIBED IN SECTION 3.16-2.5-102,A NONCERTIFIED DEPUTY SHERIFF AS DESCRIBED IN SECTION 16-2.5-103(2), AN EMERGENCY COMMUNICATIONS SPECIALIST AS DEFINED IN SECTION 29-11-101 (10.5), A CORRECTIONS OFFICER AS DESCRIBEDINSECTION 16-2.5-135,APORTOFENTRYOFFICERASDESCRIBED IN SECTION 16-2.5-115,OR A WILDLIFE OFFICER AS DESCRIBED IN SECTION 16-2.5-116.

InSECTION3. Colorado Revised Statutes, 29-4-712, amend (4)(a) as follows:

InColoradoRevisedStatutes,29-4-712,amend(4)(a) as follows:

PowersofthePowers board-executivedirector-mortgageof purchase-loanstolenders-assistanceinprovidinghousingfacilities.the board - executive director - mortgage PAGE 2-SENATE BILL 26-053 purchase - loans to lenders - assistance in providing housing facilities.

(4) (a) Mortgage loans made by lenders to families with the proceedsproceedsofaloanasprovidedforinsubsection(3)ofthissection,pursuant ofto aacommitmenttopurchaseasprovidedforinparagraph(a)of loansubsection as(3.5) providedSUBSECTION for(3.5)(a) in subsection (3) of this section, pursuanttoacommitmenttopurchaseasprovidedforinparagraph(a)ofor subsection(3.5)UBSECTIONwith (3.5)(a)ofthissection,orwiththeproceedsthe proceeds of the purchase of a mortgage loan as provided for in paragraph (b) of subsection (3.5)BSECTION(3.5)SUBSECTION (3.5)(b) of this section, shall be to families who qualify as:

OR (II) FMILIESAMILIESOFFIRSTRESPONDERSWORKINGIN OFC FIRSTOLORADOWHOSE RESPONDERSQUALIFYINGINCOMEDOESNOTEXCEEDONEHUNDREDTENPERCENTOFTHE WORKING INCOLORADO WHOSE QUALIFYING INCOME DOESLIMITS NOTESTABLISHED EXCEEDBY ONETHE HUNDREDBOARD TEN PERCENTOFTHEQUALIFYINGINCOMELIMITSESTABLISHEDBYTHEBOARD -3- 053 UNDER SECTION 29-4-703 (10).

on the day following the expiration of the ninety-dayperiodafterfinaladjournmentofthegeneralassembly(Augustninety-dayperiod after final adjournment of the general assembly (August 12, 2026, if adjournment sine die is on May 13, 2026);

except that, if a referendumreferendumpetitionisfiledpursuanttosection1(3)ofarticleVofthestate petition is filed pursuant to section 1 (3) of article V of the state constitution against this act or an item, section, or part of this act within such period, then the act, item, section, or part will not take effect unless approvedPAGE by3-SENATE theBILL people26-053 atapprovedbythepeopleatthegeneralelectiontobeheldinNovember2026 the general election to be held in November 2026 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor.

-4-____________________________ 053____________________________ James Rashad Coleman, Sr.

Julie McCluskie PRESIDENT OF SPEAKER OF THE HOUSE THE SENATE OF REPRESENTATIVES ____________________________ ____________________________ Esther van Mourik Vanessa Reilly SECRETARY OF CHIEF CLERK OF THE HOUSE THE SENATE OF REPRESENTATIVES APPROVED________________________________________ (Date and Time) _________________________________________ Jared S.

Polis GOVERNOR OF THE STATE OF COLORADO PAGE 4-SENATE BILL 26-053