Transit Investment Area Act (HB26-1065)

planned

HB26-1065, the Transit Investment Area Act, is legislation to create a new financing tool to improve transportation infrastructure and establish a tax credit to build more transit-oriented affordable housing in Colorado. The bill allows local governments to invest state sales tax revenue into transportation infrastructure within transit and housing investment zones, funding projects like safety improvements and centering transit stops to increase ridership. It also creates a tax credit for low- and middle-income housing projects within these zones, with up to $50 million in tax credits per year from 2027 to 2033, totaling $350 million by 2038.