A bill that would allow Colorado cities to enact rent stabilization policies is under discussion again, with some tweaks.
After failing to win enough legislative support last year, an amended Colorado state rent control bill that would give cities the power to enact rent stabilization policies is making its way through the state House, reports Andrew Kenney for Colorado Public Radio. The bill, HB-1115, would reverse a 40-year-old state rent control ban.
To address concerns from landlords and developers, state Representative Javier Mabrey has proposed an amendment that would require cities to allow rent increases of at least 3 percent over the rate of inflation, exempt buildings less than 15 years old, and require rent control regulations to apply “uniformly” across neighborhoods.
According to Kenney, “The bill heads next to the House’s Committee of the Whole. Before it becomes law, the bill would have to get approvals from the full House and the full Senate and, eventually, win the governor’s approval.”
FULL STORY: Colorado’s rent control bill is moving forward — with some changes
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