Colorado Affordable Housing Law Could Cut Off Funding to Most Cities Without Urgent Fix
By Brian Eason | The Colorado Sun
The problem stems from a provision in Proposition 123 that was supposed to hold local governments accountable for increasing the supply of affordable housing.
The vast majority of local governments in Colorado could be barred from receiving affordable housing funding through Proposition 123 for the next three years unless the state legislature steps in to prevent it.
The problem stems from a provision in the 2022 ballot measure that was designed to hold local governments accountable for increasing the supply of affordable housing. To remain eligible for the $350 million a year that the measure generates, cities and counties must show that they’re increasing their local supply of affordable housing by 3% a year.
But h...
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