Habitat Colorado is currently working to expand the existing property tax exemption for property on which affordable for-sale homes are constructed or rehabilitated, to create more affordable homeownership opportunities. Land is the largest up-front expense when undertaking an affordable housing development, and HB23-1184 improves and expands upon the property tax exemption created in 2011 (HB11-1241) that makes it cost efficient for non-profit developers to build affordable housing.
