Residents Reject Landlord Tax

Last November, in Colorado, voters approved a sweeping measure to set aside roughly $300 million a year for programs that curb homelessness and promote affordable housing. But in Denver, where Zillow data shows median rental prices jumped $600 in two years, 58% of voters rejected a $12 million proposal to expand free legal counsel for all residents facing eviction. The eviction fund would have been financed by a $75 annual fee on rental housing providers.

For Drew Hamrick, vice president of government affairs for the Apartment Association of Metro Denver, the opposing argument "that resonated the most was that this $12 million tax was going to end up being paid for by the consumer regardless of what political outlook you have."…Read entire story.