A new bill could bring $40 million to Colorado’s modular housing market

Colorado lawmakers are aiming to increase the state’s stock of modular homes amid a statewide housing shortage that’s left many residents priced out of the market.

House Bill 1282, known as the Innovative Housing Incentive Program, would create a $40 million loan program that modular homes manufacturers could use to pay workers and cover operating expenses, including payroll, inventory and materials.

“I think that we all recognize what an amazing place Colorado is to live,” said state Rep. Kyle Mullica, D-Federal Heights, who is one of the bill’s prime supporters. “But we want to make sure that people aren’t having to leave here because they can’t afford to live here.”

The measure comes as lawmakers this year are looking for innovative ways to fund affordable housing…