Governor Jared Polis signed an executive order yesterday that he said will increase affordable housing options for Coloradans.

Polis said the order will reduce the red tape for home loan approvals—reducing the turnaround time for approval from 240 days to 90 days—by next July.

It also directed a handful of state agencies to evaluate everything they touch in the housing market in order to exploit any and all existing state programs that may help homebuyers.