A 1% Growth Limit Across The Front Range Could Be Up For Vote On Your 2020 BallotA measure that would limit residential housing growth up and down the Front Range got one step closer to the 2020 ballot on Wednesday.
The state Title Board, which determines how measures appear on ballots, approved Golden resident Daniel Hayes’ Initiative 122, an updated version of a measure he introduced earlier this summer. It would limit the number of residential building permits local governments could issue from Weld County in the north through the Denver metro to El Paso County in the south.
Hayes’ initiative would cap them to just a 1 percent rise every year. The measure, which would be a state law, couldn’t be repealed or adjusted until 2023. The new version of his measure includes an additional .15 percentage point allotment for affordable and senior housing.
Ya know those insanely high house prices in California? This would guarantee similar insanity in Colorado. When government prevents supply from matching demand, the prices for the existing supply rise. That happened in California, and this would do it to Colorado.
