There’s no question that rent is a growing concern for Coloradans.
An analysis by Apartment List, a rental listing site, found that half of tenants in Denver spend more than 30 percent of their paycheck on housing. Rates are similar in Grand Junction and Pueblo. It’s even worse north of the metro. Numbers rise to 60 percent in Boulder and 61 percent in Fort Collins.
One potential way to tackle the high costs has been off the table for more than 30 years in Colorado: rent control.
State law bans cities from regulating the rental market. The restriction has forced Colorado communities to find creative ways to add affordable rental units, all while staying on the right side of the law.
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Now, State Sen. Julie Gonzales, part of a new class of Democratic lawmakers at the Capitol, hopes to scrap the ban entirely. While the exact language is still in the works, the plan is to introduce a bill to let cities regulate their rental markets.