Construction crews were entering the final stages of a four-story, 40-unit project called Mountain View Flats in March 2024 in Glenwood Springs, Colorado. The project was expected to open soon. The first-of-its-kind housing bill was signed into law Thursday by Gov. Jared Polis.
Colorado has roughly 111,000 subsidized housing units with affordability protections, but 15,000 of them will lose those requirements in the coming decade. Advocates fear the expirations will result in more private sales, higher rents for tenants and another closed door for lower-income residents. Still, it’s not permanent: The bill’s provisions, which mainly take effect in August, will expire by the end of this decade.
“Sometimes it takes two years to get across the finish line,” Polis quipped before he signed the bill into law during a ceremony in Broomfield.intended to improve the state’s housing supply in exchange for leapfrogging local zoning rules — collapsed last year, only to pass this time around.Gov. Jared Polis has signed three more Colorado housing reform bills into law. Here’s what they will do.
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