On May 30, 2024, Governor Polis signed Senate Bill (SB) 24-174, the Sustainable Affordable Housing Assistance Act, into law. The bill requires local governments to perform a Housing Needs Assessment (HNA) that complies with the state methodology and baseline components specified by DOLA by December 31, 2026. However, local governments are exempt from this requirement if they participate in a state-compliant Regional Housing Needs Assessment (RHNA). While the city already has an HNA as part of its Affordable Housing Strategy and Action Plan (AHS), this plan does not meet all the requirements of the state bill. To meet the state requirements, the city has two options: 1. Revise and update the AHS by 2026, or 2. Participate in DRCOG’s RHNA. The goals of the August 18 study session are to review the requirements of SB24-174, review DRCOG’s Regional Housing Needs Assessment (RHNA), and seek Council direction on participating in DRCOG’s RHNA to comply with SB24-174.