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Can Colorado cities prevent thousands of apartments from losing affordability protections?

After similar bill was vetoed, lawmakers attempt to give governments right of first refusal on sales

Denver has had some of the weakest apartment rent gains in the country over the past year, according to Apartment List. but rents this year are rising on a monthly basis. (Photo by Andy Cross/The Denver Post)
Denver has had some of the weakest apartment rent gains in the country over the past year, according to Apartment List. but rents this year are rising on a monthly basis. (Photo by Andy Cross/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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As Colorado faces a tidal wave of expiring affordability requirements in coming years, lawmakers hope to give cities and towns the opportunity to buy properties, preserving their lower rents for longer. A bill would grant municipalities a right of first refusal — after lawmakers scaled back a more expansive bill that was vetoed by the governor last year.
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