Colo. Senate backs bill to protect affordable rentals
DENVER – A bill aimed at protecting affordable rental housing, especially in expensive resort communities, is advancing at the state Capitol.
The Senate gave initial approval to the measure Thursday. An earlier version has been approved by the House.
It would protect deals struck between local governments and developers to build affordable rental units. Depending on the terms of the deal, those units would be rented at a discount even if the property is sold to a new owner.
The bill states that such voluntary deals do not violate the state’s ban on rent control.
Opponents say municipalities could still try to coerce a developer into making such deals and would have no recourse because governments are protected from lawsuits.
The measure is House Bill 1017.