The state is home to roughly 111,000 subsidized units with affordability requirements and many will soon expire if the legislature is not able to grant municipalities a right of first refusal to buy subsidized-housing properties.
Colorado Democrats in the legislature are pursuing a right of first refusal bill to preserve affordable housing properties by giving cities and towns the right of first refusal to buy them.
When voters passed Proposition 123 last year, officials across the state were pleased that the state had supported a permanent affordable housing fund. But to get a share of the nearly $300 million, cities and counties had to voluntarily opt-in and agree to meet housing goals. Would they do it?
More than 200 Colorado cities and counties, including Denver, Fort Collins and Colorado Springs, have signed up to compete for nearly $300 million in Proposition 123 money.
More than 200 Colorado cities and counties, including Denver, Fort Collins and Colorado Springs, have signed up to compete for nearly $300 million in Proposition 123 money.