HB24-1175
LOCAL GOVERNMENTS RIGHTS TO PROPERTY FOR AFFORDABLE
HOUSING PASSED Position : Oppose Effective Date : August 7 , 2024
This bill was introduced very early on in the legislative session but stood to be one of the very last bills to move through the process , formally passing both chambers on the very last day of session . The bill currently awaits the Governor ’ s signature , which is likely , even though last year , the Governor vetoed a much broader version of the bill .
The bill will give local governments the right of first refusal for certain “ affordable ” properties ( those with recorded affordability requirements ) and the right of first offer on certain market rate properties before a property owner can sell a property on the private market . Through CAA backed amendments , the time frames for the local governments to exercise and close on rights of first refusal on affordable properties have been greatly reduced and the requirement that the local government ’ s offer be equivalent to market offers have been greatly tightened up . However , these requirements will still add complexity , expense and uncertainty to acquisitions .
Local governments also now will have a right of first offer ( the right to be notified of a listing ) on market rate multifamily properties . These provisions are applicable to the sale of any multifamily property that is 30 or more years old and has between 15 and 100 units .
CAA ’ s amendments tried to move the bill to impose only the right of first offer notification requirements and impose those only on affordable properties . However , the Governor ' s office seems satisfied that the scaled back scope of both the notice requirements on market property and the right of first refusal on affordable properties is enough of a concession to overcome his veto of last year ' s version of this bill .
HB24-1259
PRICE GOUGING IN RENT DECLARED
DISASTER PASSED Position : Oppose ( initially ) / Neutral ( at passage ) Effective Date : Upon Governor ’ s Signature
This bill prohibits price gouging in the provision of housing during a declared disaster . CAA staff and lobbyists engaged with the House Sponsor of this bill very early on in the process , ahead of the bill ’ s introduction , with initial amendments in the House . The efforts of CAA staff , lobbyists and members in the Senate created enough changes to move us to a neutral position on the bill . New provisions aim to limit rent increases in disaster areas , capping hikes at the greater of 10 % or the previous year ’ s market increase and restricting these limits to one-year after the disaster declaration . We were also able to remove the deceptive trade practice designation for violations .
HB24-1334
BROADBAND SERVICE FOR MULTIUNIT
BUILDINGS PASSED Position : Oppose Effective Date : August 7 , 2024
This bill is part of the growing national regulatory movement aimed at perceived limitations on tenant access to internet services . As introduced , it would have allowed any and all broadcast equipment to be placed on Colorado properties without regard to interference with other property uses , prohibited property owners from being compensated for broadband easements , and gave the property owner no control over installation methods . As amended , the bill preserves rights to reasonable compensation , imposes reasonable restrictions on the location and scope of the equipment ( including below grade installation ) and protects existing property uses and broadband agreements . CAA moved its position to neutral as a condition of gaining these amendments .
HB24-1051
TOWING CARRIER REGULATION PASSED
Position : Oppose ( initially ) / Neutral ( at passage ) Effective Date : August 7 , 2024
This bill stemmed from the Transportation Legislation Review Committee that met over the summer and fall of 2023 . The primary goal of the committee was to reduce the number of towed vehicles from residential parking lots . As introduced , there were many provisions that would have been extremely problematic for property owners . The primary focus was a requirement that property owners ( not the car owners ) pay for tows , even when the vehicle was improperly parked . CAA took the lead in working closely with the bill sponsors to find a consensus solution that addressed proponents ’ concerns around claimed predatory towing , without detrimentally impacting property owners and their ability to properly control their parking lots . The passed legislation eliminated the obligation for the property owner to pay for tows , moving CAA to a neutral position on the bill .
However , towing carriers will no longer be allowed to initiate a tow without an employee of the owner or property manager authorizing the towing decision . New signage will be required at the entrance and in multiple locations on the lot .
16 | TRENDS JUNE 2024 www . aamdhq . org