I am contacting you to urge you to support full funding of HB19-1085. The purpose of this bill is help low-income seniors and the disabled to continue to provide themselves with stable housing.
This bill will help low-income seniors and adults with disabilities with the growing costs of housing-related expenses - costs which have increased by 40% and more since 2014, particularly in the Denver metro area.
Low-income households spend 50% or more of their income on housing, while higher income households typically pay 30% or less of their income for housing.
Commonly known as the PTC Rebate, this program has been in operation for many years. However, it is no longer fulfilling its intended purpose - helping our lowest income seniors and disabled to have a stable home.
- The total dollar amount of grant applications funded has been declining for several years.
- While the income limits for qualifying for the PTC rebate has been indexed to inflation, the dollar amount of the rebates has been stagnant since 2014. Costs of living have been anything but stagnant.
All we are asking is that these annual rebates/grants (which must be applied for annually) be increased by a modest amount and then indexed to inflation.
Thank you, for your attention. I ask for your support for full funding of HB 1085.