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CO SB225

CO SB225
Authorize Local Governments To Stabilize Rent


summary

Introduced
04/01/2019
In Committee
04/15/2019
Crossed Over
Passed
Dead
05/03/2019

Introduced Session

2019 Regular Session

Bill Summary

The bill repeals existing statutory language prohibiting counties or municipalities (local governments) from enacting any ordinance or resolution that would control rent on either private residential property or a private residential housing unit (collectively, private residential property). The bill authorizes local governments to enact and enforce any ordinance, resolution, agreement, deed restriction, or other measure that would stabilize rent on private residential property.

AI Summary

This bill repeals existing state law that prohibits local governments (counties and municipalities) from enacting any ordinance or resolution to control rent on private residential property or housing units. The bill authorizes local governments to enact and enforce any measure, such as an ordinance, resolution, agreement, or deed restriction, to stabilize rent on private residential properties. The bill's purpose is to give local governments additional tools to expand the supply of affordable housing and prevent the displacement of low-income and working-class residents from their communities.

Committee Categories

Military Affairs and Security

Sponsors (4)

Last Action

Senate Second Reading Laid Over to 05/02/2019 - No Amendments (on 04/30/2019)

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