Colorado voters in 2020 will likely be asked whether to put a housing cap on Front Range development.
The state Title Board on Oct. 2 approved language for a 2020 ballot measure that would impose growth limits on new private residential housing for at least two years in some of Colorado’s fastest-growing cities. While the measure hasn’t been approved for circulation yet, proponents and opponents alike predict it will reach that stage and gain the signatures needed to be on the ballot. The issue is bringing together two regional concerns: growth vs. cost of living.
If adopted, Initiative 122 would cap growth of privately owned housing in 11 Front Range counties at 1% annually for 2021 and 2022, and the limits would stay in place after that unless amended or repealed through referendum. The measure allows slightly higher growth limits for affordable and senior housing, and municipalities outside the specified counties would have the right to set their own limits through initiative and referendum. Voters in Lakewood, Colorado’s fifth-largest city, approved a similar measure in July.