Ex. Summary:

Senate Bill 20B-002 provides financial assistance to individuals in Colorado affected by the COVID-19 pandemic, focusing on housing stability and economic relief. It allocates $54 million for rental and mortgage assistance, $5 million for an emergency grant program targeting those ineligible for other relief programs, and $1 million for eviction legal defense. Administered by the Colorado Division of Housing and nonprofit organizations, funds must be used by June 30, 2021. The bill also revises unemployment benefits and ensures efficient fund utilization by state agencies. By preventing evictions and foreclosures, SB20B-002 strengthens safety nets and mitigates the pandemic’s economic hardships.