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Colorado cities would get first right of first refusal when apartment buildings sell in new affordable housing plan

Supporters say the plan could start an affordable housing renaissance. Critics say it would have “extreme chilling effects.”

This is the view from the tenth-floor of the upscale apartment building Verve at 1490 Delgany Street in downtown Denver Wednesday night, July 16, 2014. The building is located directly between Union Station and the Pepsi Center.  Nearly 40,000 apartments are set to come online soon in the metro area.  (Photo by Karl Gehring/The Denver Post)
This is the view from the tenth-floor of the upscale apartment building Verve at 1490 Delgany Street in downtown Denver Wednesday night, July 16, 2014. The building is located directly between Union Station and the Pepsi Center. Nearly 40,000 apartments are set to come online soon in the metro area. (Photo by Karl Gehring/The Denver Post)
Denver Post reporter Seth Klamann in Commerce City, Colorado on Friday, Jan. 26, 2024. (Photo by Andy Cross/The Denver Post)
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Colorado cities and counties would have the ability to snap up apartment complexes and convert them to affordable housing, rather than be sold to private bidders, under a new bill set to be introduced in the House in the coming days.
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