Amendments for HB23-1253
House Journal, April 6
17 HB23-1253 be amended as follows, and as so amended, be referred to
18 the Committee on Appropriations with favorable
19 recommendation:
20
21 Amend printed bill, page 2, strike lines 8 through 10 and substitute:
22
23 "(a) "CORPORATION" HAS THE MEANING SET FORTH IN SECTION
24 7-90-102 (10).".
25
26 Page 2, line 15, strike "EIGHT" and substitute "NINE".
27
28 Page 3, strike lines 4 through 18 and substitute "EXPERIENCE AS A REAL
29 ESTATE AGENT;
30 (C) ONE MEMBER WHO HAS SIGNIFICANT PROFESSIONAL
31 EXPERIENCE WITH LABOR AND WORKFORCE ISSUES; AND
32 (D) ONE MEMBER WHO HAS SIGNIFICANT PROFESSIONAL
33 EXPERIENCE AS A COUNTY CLERK AND RECORDER;
34 (II) THE PRESIDENT OF THE SENATE SHALL APPOINT:
35 (A) ONE MEMBER OF THE SENATE;
36 (B) ONE MEMBER WHO HAS SIGNIFICANT PROFESSIONAL
37 EXPERIENCE AS A MORTGAGE BROKER;
38 (C) ONE MEMBER WHO HAS SIGNIFICANT PROFESSIONAL
39 EXPERIENCE ADVOCATING FOR HOUSING RIGHTS; AND
40 (D) ONE MEMBER WHO HAS SIGNIFICANT PROFESSIONAL
41 EXPERIENCE AS A COUNTY ASSESSOR; AND
42 (III) THE EXECUTIVE DIRECTOR OF THE DEPARTMENT OF LOCAL
43 AFFAIRS SHALL APPOINT ONE MEMBER WHO REPRESENTS THE
44 DEPARTMENT.".
45
46 Page 3, line 21, strike "SIXTY" and substitute "THIRTY".
47
48 Page 4, strike lines 4 though 6 and substitute:
49
50 "(II) INCLUDES REPRESENTATION FROM DIFFERENT GEOGRAPHIC
51 REGIONS OF THE STATE, INCLUDING URBAN, RURAL, AND RESORT
52 COMMUNITIES; AND".
53
54 Page 4, strike lines 9 and 10 and substitute:
55
56
1 "(e) NOT LATER THAN SIXTY DAYS AFTER THE EFFECTIVE DATE OF
2 THIS SECTION, THE SPEAKER OF THE HOUSE OF REPRESENTATIVES SHALL
3 DESIGNATE A".
4
5 Page 4, strike lines 12 through 27 and substitute:
6
7 "(3) Issues for study. (a) THE TASK FORCE SHALL:
8 (I) EXAMINE HOUSING OWNERSHIP BY CORPORATE ENTITIES AND
9 RESIDENTIAL REAL ESTATE TRANSACTIONS BY CORPORATE ENTITIES IN
10 COLORADO SINCE JANUARY 1, 2008, INCLUDING PURCHASES RESULTING
11 FROM FORECLOSURES;
12 (II) DETERMINE A METHODOLOGY BY WHICH TO EXAMINE THE
13 IMPACTS OF CORPORATE ACQUISITION AND OWNERSHIP OF RESIDENTIAL
14 PROPERTY, WITH A FOCUS ON SINGLE-FAMILY HOMES, CONDOMINIUMS,
15 AND TOWNHOMES;
16 (III) GATHER AND ANALYZE DATA, REPORTS, AND PUBLIC RECORDS
17 RELATED TO CORPORATE OWNERSHIP OF HOUSING;
18 (IV) MAKE LEGISLATIVE RECOMMENDATIONS, PURSUANT TO
19 SUBSECTION (4)(d) OF THIS SECTION, TO MITIGATE ANY NEGATIVE IMPACTS
20 RELATED TO CORPORATE OWNERSHIP OF HOUSING THAT ARE IDENTIFIED BY
21 THE TASK FORCE; AND
22 (V) REPORT, PURSUANT TO SUBSECTION (4)(d) OF THIS SECTION,
23 TO THE SPECIFIED LEGISLATIVE COMMITTEES CERTAIN INFORMATION
24 CONCERNING THE IMPACTS OF CORPORATE OWNERSHIP OF HOUSING.
25 (b) IN EXAMINING THE IMPACTS OF CORPORATE OWNERSHIP OF
26 HOUSING UNITS, THE TASK FORCE MAY CONSIDER THE EXTENT TO WHICH
27 CORPORATE OWNERSHIP OF HOUSING UNITS CORRELATES WITH:
28 (I) INCREASED VACANCY RATES;
29 (II) DECREASED HOUSING AVAILABILITY;
30 (III) DECREASED HOME-BUYING OPPORTUNITIES FOR FIRST-TIME
31 HOME BUYERS;
32 (IV) INCREASED DISPLACEMENT;
33 (V) INCREASED RESIDENTIAL PROPERTY PRICES;
34 (VI) INCREASED NONRESIDENT OWNERSHIP;
35 (VII) INCREASED RATES OF FORECLOSURES; AND
36 (VIII) ANY OTHER FACTORS DEEMED APPROPRIATE BY THE TASK
37 FORCE.
38 (c) THE TASK FORCE MUST IDENTIFY, TO THE EXTENT
39 PRACTICABLE, TRENDS IN CORPORATE HOMEOWNERSHIP IN RELATION TO:
40 (I) HOUSING TYPE;
41 (II) GEOGRAPHY BASED ON ZIP CODES;
42 (III) PROPERTY VALUES;
43 (IV) NEIGHBORHOOD CHARACTERISTICS; AND
44 (V) ANY OTHER FACTORS DEEMED APPROPRIATE BY THE TASK
45 FORCE.
46 (d) THE TASK FORCE MAY IDENTIFY AND REPORT ON, TO THE
47 EXTENT PRACTICABLE, ANY CORPORATE ENTITIES THAT PURCHASE OR OWN
48 A DISPROPORTIONATE OR OUTSIZED MARKET SHARE OF HOUSING UNITS IN
49 THE STATE.".
50
51 Strike page 5.
52
53 Page 6, strike lines 1 through 12.
54
55 Page 6, line 27, after "SECTION;" add "AND".
56
1 Page 7, strike lines 2 through 20 and substitute "TO REPORT.".
2
3 Page 7, strike lines 24 through 26 and substitute:
4
5 "(6) Staff support. THE EXECUTIVE DIRECTOR OF THE
6 DEPARTMENT MAY SUPPLY STAFF ASSISTANCE TO THE TASK FORCE AS THE
7 EXECUTIVE DIRECTOR DEEMS APPROPRIATE, SUBJECT TO".
8
9
House Journal, April 25
45 HB23-1253 be amended as follows, and as so amended, be referred to
46 the Committee of the Whole with favorable
47 recommendation:
48
49 Amend printed bill, page 8, after line 4 insert:
50
51 "SECTION 2. Appropriation. (1) For the 2023-24 state fiscal
52 year, $122,549 is appropriated to the department of local affairs for use
53 by the division of housing. This appropriation is from the general fund.
54 To implement this act, the division may use this appropriation as follows:
55
1 (a) $112,549 for personal services, which amount is based on an
2 assumption that the division will require an additional 0.4 FTE; and
3 (b) $10,000 for operating expenses.
4 (2) Any money appropriated in subsection (1) of this section not
5 expended prior to July 1, 2024 is further appropriated to the department
6 for the 2024-25 fiscal year for the same purpose.
7 (3) For the 2023-24 state fiscal year, $1,416 is appropriated to the
8 legislative department for use by the general assembly. This appropriation
9 is from the general fund. The general assembly may use this appropriation
10 to implement this act. Any money appropriated in this subsection (3) not
25 11 expended prior to July 1, 2024 is further appropriated for the 2024-
12 fiscal year for the same purpose.".
13
14 Renumber succeeding section accordingly.
15
16 Page 1, line 102, strike "COLORADO." and substitute "COLORADO, AND,
17 IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.".
18
19
House Journal, May 1
14 Amendment No. 1, Appropriations Report, dated April 25, 2023, and
15 placed in member's bill file; Report also printed in House Journal,
16 April 25, 2023.
17
18 Amendment No. 2, Transportation, Housing & Local Government Report,
19 dated April 5, 2023, and placed in member's bill file; Report also printed
20 in House Journal, April 6, 2023.
21
22 Amendment No. 3, by Representative Sharbini:
23
24 Amend the Appropriations Committee Report, dated April 25, 2023, page
25 1, strike lines 4 through 8 and substitute "by the state demography office.
26 This appropriation is from the general fund and is based on the
27 assumption that the office will require an additional 0.4 FTE. The office
28 may use this appropriation for program costs.".
29
30 Amendment No. 4, by Representative Sharbini:
31
32 Amend the Transportation, Housing, and Local Government Committee
33 Report, dated April 5, 2023, page 1, strike lines 5 and 6 and substitute:
34
35 "Page 3 of the printed bill, strike lines 3 through 18 and substitute:
36 "(B) ONE MEMBER WHO IS A MEMBER OF A STATEWIDE
37 ASSOCIATION OF REAL ESTATE PROFESSIONALS;".".
38
39 Amendment No. 5, by Representative Lindsay:
40
41 Amend the Transportation, Housing and Local Government Committee
42 Report, dated April 5, 2023, page 1, after line 3 insert:
43
44 "Page 2 of the printed bill, line 14, strike "DIVISION." and substitute
45 "STATE DEMOGRAPHY OFFICE IN THE DEPARTMENT OF LOCAL AFFAIRS.".".
46
47 Page 1 of the report, strike line 4 and substitute:
48
49 "Page 2 of the bill, line 15, strike "EIGHT".".
50
51 Page 1 of the report, line 8, strike the second "AND".
52
53 Page 1 of the report, after line 8 insert:
54
55
1 "(D) ONE MEMBER WHO REPRESENTS A STATEWIDE TRADE
2 ASSOCIATION OF BANKS AND OTHER LENDERS; AND".
3
4 Reletter succeeding sub-subparagraph accordingly.
5
6 As amended, ordered engrossed and placed on the Calendar for Third
7 Reading and Final Passage.
8