A 20-year-old authorized precedent that prevented Colorado cities from forcing builders to construct reasonably priced housing in new rental tasks now not exists, after Gov. Jared Polis signed a invoice on Friday.
“Communities are stronger when the individuals who work in a neighborhood can reside locally, and that is one thing we have sadly misplaced,” Polis, a Democrat, mentioned at a undertaking signing ceremony. legislation Friday.
Home Invoice 1117 amends state land use legal guidelines in order that native governments can cost models beneath the market charge in new or redeveloped rental tasks with out violating the state’s lease management ban . It reverses the results of a Colorado Supreme Court docket ruling in 2000 that restricted native governments for years.
The legislation comes as Colorado communities, from city Entrance Vary cities to mountain cities, face an unprecedented housing disaster. Colorado has added almost 1.5 million individuals over the previous twenty years, and as demand will increase home costs and delays in new development, it’s largely the working poor and reasonable. are disadvantaged of their lodging.
“We all know that native governments have pleaded with us to have the instruments to encourage the development of extra reasonably priced housing domestically. This invoice is a instrument to sort out the reasonably priced housing disaster and struggle gentrification, ”mentioned State Senator Julie Gonzales, Democrat of Denver and principal sponsor of the laws, throughout the signing of the legislation Mission.
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