Gov. Jared Polis has signed a measure into law supporters hope will bring more affordable housing to Colorado by directing the State Treasurer to invest in bonds to buy down construction and mortgage costs of for-sale housing that otherwise would not be built.

Senate Bill 006 , sponsored by Sens. Dylan Roberts, D-Frisco, and Reps. Manny Rutinel, D-Commerce City, and Mary Bradfield, R-Colorado Springs, authorizes the treasurer to invest up to $50 million of state money in bonds at below-market rates if their proceeds are used to create new affordable, income-restricted for-sale housing that would otherwise not be made available at similar rates. The bill is expected to finance homeownership for 175 to 200 low and middle-income Coloradans.

"We know that affordable and attainable housing i

See Full Page