Colorado Fee for Attainable Housing Fund Initiative (2023)
| Colorado Fee for Attainable Housing Fund Initiative | |
|---|---|
 | |
| Election date November 7, 2023 | |
| Topic Taxes and Housing | |
| Status Not on the ballot | |
| Type State statute | Origin Citizens |
The Colorado Fee for Attainable Housing Fund Initiative, was not on the ballot in Colorado as an initiated state statute on November 7, 2023.
This initiative would have created the Colorado Attainable Housing Fund to support attainable housing (as defined in law). Programs would have been funded through a fee equal to 0.1% of a property's purchase price minus $200,000.[1]
Text of measure
Ballot title
The ballot title for the initiative would have been as follows:[1]
| “ | Shall there be a change to the Colorado Revised Statutes concerning funding to increase attainable housing, and, in connection therewith, on and after January 1, 2024, imposing a community attainable housing fee, payable by the purchaser, upon the recording of deeds for real property equal to 0.1% of the amount by which the purchase price exceeds $200,000; defining attainable housing as housing that is attainable by a household that makes between 80% and 120% of the area median income and is priced so that the household need not spend more than 30% of its income on housing costs; requiring the net fee revenue to be deposited in the Colorado attainable housing fund and used only to fund new and existing programs administered by the division of housing that support the financing, purchase, refinancing, construction, maintenance, rehabilitation, or repair of attainable housing in Colorado; and exempting the fee revenue from the limitation on state fiscal year spending? | ” |
Full text
The full text is available here.
Path to the ballot
The state process
In Colorado, the number of signatures required to qualify an initiated state statute for the ballot is equal to 5 percent of the total number of votes cast for the office of Colorado secretary of state in the preceding general election. State law provides that petitioners have six months to collect signatures after the ballot language and title are finalized. State statutes require a completed signature petition to be filed three months and three weeks before the election at which the measure would appear on the ballot. The Constitution, however, states that the petition must be filed three months before the election at which the measure would appear. The secretary of state generally lists a date that is three months before the election as the filing deadline.
The requirements to get an initiated state statute certified for the 2023 ballot:
- Signatures: 124,238 valid signatures
- Deadline: August 7, 2023
The secretary of state is responsible for signature verification. Verification is conducted through a review of petitions regarding correct form and then a 5 percent random sampling verification. If the sampling projects between 90 percent and 110 percent of required valid signatures, a full check of all signatures is required. If the sampling projects more than 110 percent of the required signatures, the initiative is certified. If less than 90 percent, the initiative fails.
Details about this initiative
- The initiative was filed by Dalton Kelley and Dee Wisor on November 8, 2022. The ballot language was set for the initiative on December 21, 2022.[1]
- Signatures were not submitted by the deadline on August 7, 2023.[1]
See also
External links
Footnotes
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