State & Local News
Colorado Senate Approves HOME Act to Expedite Affordable Housing
March 12, 2026
The Colorado Senate has approved the HOME Act (HB26-1001), legislation designed to streamline and accelerate the development of affordable housing by non-profits, schools, and transit districts on their own land. This law facilitates the use of underutilized land near employment centers and transit hubs by expediting permitting processes and expanding eligibility for housing affordability funding. Procurement professionals and contractors engaged in affordable housing development and related infrastructure projects in Colorado should note the increased opportunities arising from this legislative change.
- The HOME Act enables faster permitting and funding access for affordable housing projects led by non-traditional public entities, potentially increasing project volume and speed.
- Organizations involved in construction, design, and development services should evaluate new opportunities with schools, transit districts, and non-profits leveraging this legislation.
- State and local agencies may see shifts in procurement priorities toward affordable housing near transit and job centers, impacting planning and contract solicitations.
- Contractors should consider aligning proposals with the Actโs focus on affordability and proximity to transit to enhance competitiveness in upcoming procurements.
Too many families in Colorado Springs are afraid of being priced out of the place they call home.
— Tony Exum, Sr., Senator
Access to affordable and secure housing is the reason I am able to serve my community at all.
— Julie Gonzales, Senator
Agencies
Colorado Senate, Colorado House of Representatives, Board of Cooperative Educational Services
Locations
Sources
- Senate Approves HOME Act to Build More Housing Now โ Colorado Senate Democrats · Senatedems · Mar 12