The bill creates the task force on corporate housing ownership
(task force) in the division of housing in the department of local affairs and directs the task force to examine data concerning home sales and home ownership in Colorado, including a quantification of:
•
The total number of home sales that have occurred in Colorado since January 1, 2008, within certain sales price ranges;
•
The total number of such home sales that resulted in the home being owned entirely or partially by a corporation;
•
The total number of homes in each zip code of the state that are owned entirely or partially by a corporation; and
•
The total number of homes in the state that are owned entirely or partially by a corporation and are unoccupied.
The task force must report its findings to the legislative
committees of reference with jurisdiction over housing matters by October 1, 2025. The report must include legislative recommendations to address the issue of corporate ownership of housing in Colorado, including recommendations regarding the potential creation of a fee to be imposed upon corporations that own significant numbers of homes in Colorado, which fee could be used to fund a grant program to award grants to programs and organizations that address housing issues in Colorado.
The task force is repealed, effective September 1, 2027.
