Ban on Local Anti-Growth Restrictions Passed by Colorado State Legislature
The Colorado state legislature recently approved a bill that would prohibit 'governmental entities' from enforcing existing or enacting new local a...
The Colorado state legislature recently approved a bill that would prohibit 'governmental entities' from enforcing existing or enacting new local anti-growth laws that would limit housing supply, development applications or building permits within a locality. House Bill 23-1255 (HB 1255) passed the legislature on May 4 and currently waits on Gov. Jared Polis's desk for his signature. Sponsors and proponents of HB 1255 argue that growth caps hinder affordable housing by decreasing the supply of housing in the market, increasing demand and thereby increasing prices and market rental rates.