Rocky Mountain Voice

Tag: Private Property

Denver’s Right of First Refusal Puts Government in the Middle of Private Property Sales
Colorado Accountability Project, Approved, Commentary, State

Denver’s Right of First Refusal Puts Government in the Middle of Private Property Sales

By Cory Gaines | Commentary, Colorado Accountability Project I saw a post by a reader on Twitter recently. It shows how Denver is proposing to implement a 2024 law passed by the state legislature. Let’s start with the 2024 bill. It’s linked first below. I took a screenshot of the bill’s fiscal note summary and attached those as screenshots 1 and 2. As you can see from the highlight in screenshot 2, it just wouldn’t be Colorado if we didn’t throw a bone or two to nonprofits. In summary, the bill allows local governments (for buildings of a certain size depending on whether your municipality qualifies as urban or rural/resort) either the right to purchase a property if it’s already listed as affordable housing for “an economically or substantially ...

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