A law passed by the Colorado state legislature in 1981 currently bans local communities from enacting rent control measures, but there is mounting pressure to revisit the law and repeal it. via robharristv
DENVER — A law passed by the state legislature back in 1981 currently bans local communities in the state from enacting rent control measures; but, there is mounting pressure to revisit the law and repeal it, as Coloradans continue to face increasing costs of living.
There is a consistent and growing call from some residents and political leaders in Colorado to institute rent control in communities across Colorado, which would cap the increases landlords and management companies could demand from tenants. Ezeadi believes families today shouldn’t feel the same burden he's felt, and that’s why he has been outspoken for his support for rent control. Since local governments—like the Westminster City Council he serves on—can’t currently institute rent control, he’s been having conversations with the city’s attorney to see what legal options may be available. And, he’s calling on the state legislature to overturn the rent control ban.
“Rent control has tragically failed anywhere it’s been tried,” Hamrick said. “It has the unintended of curbing development of new units. You’ve seen that particularly dramatically in Minneapolis [and] Saint Paul, where they recently in 2021 passed a rent control local ordinance. Building permits fell by 80%.
“What it does is it sucks in sometimes private information from nearby competitors, and factors that into the suggestion that it is making for the rent price,” Vogell explained. “Not just the advertised rents that you’re going to see on apartments.com, but what they have actually set their rent as. That’s information that, historically, a lot of property managers would keep very close to the vest.
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