Apartment Trends Magazine August 2019 | Page 39

2.4 million people will need housing within the next 30 years,” she explained. In order to combat this, Garner expressed the need for more density and feasible solutions for elderly renters. Nicolais off ered a view on the practical economics CONFERENCE CO-CHAIR JUDY BLAES of Colorado housing industry, including how growth caps like Lakewood’s Initiative 200 could impact communities. After the controversial policy passed, we have seen surrounding cities deal with the ramifi cations of Initiative 200. Teo would go on to explain “After the second quarter Wheatridge had the lowest rent, however, had the greatest percent increase (11.3%) out of all metro Denver cities. It does not stop there as Wheatridge, a neighboring CO-CHAIR TROY PORRAS city of Lakewood, is among the top 5 cities in terms of lowest vacancy as well.” Essentially, Wheatridge is now full and will continue to see an increase in rent due to the infl ux of residents after Initiative 200 was passed. Finally, Jim Lapides talked about trends in rent control. “Rent Control is at a severe threat level in California, Illinois, Massachusetts, Washington, and Colorado. One of the main strategies to oppose rent control is to educate the JENNY JORGENSON FROM public why this policy is destructive. STANDARD INTERIORS Often times, extreme outliers are the driving factor of states pushing for Rent Control. To counter this, we must inform the public on the facts of Rent Control, and the negative consequences that it creates within cities.” This year’s event drew over 250 apartment management professionals and leaders and was presented by longtime AAMD members Standard JENNIFER SWANSON FROM BLUSKY Interiors and BluSky Restoration. Presenting Sponsors Platinum Sponsors Gold Sponsors CONTROL YOUR ONLINE REPUTATION ALLISON MOLEDO & HEATHER SANDOVAL www.aamdhq.org KAY AND JAY NEAL WITH TIM PEPE AUGUST 2019 TRENDS | 37