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Uncertainty Around Implementation of House Bill 24-1313: Housing in Transit-Oriented Communities
Last year, the Colorado legislature passed House Bill 24-1313 (the “Act”), which aimed to incentivize transit-oriented development in certain Front Range jurisdictions that qualify as Transit-Oriented Communities (“TOC(s)”). The Act requires qualifying jurisdictions to permit density around transit corridors. To incentivize these changes, the Act also included $35 million to fund a related grant program for related infrastructure upgrades, including on-site infrastructure for affordable housing and public infrastructure projects to benefit transit centers and affordable housing, and other similar projects. Non-qualifying jurisdictions may also opt-in to this program by authorizing in transit-oriented development under separate guidance from the Colorado Department of Local Affairs (“DOLA”).