3 Things to Know State Budget Passes the House, Goes to the Senate. “Long Appropriations Bill” (House Bill 1410), or Colorado’s annual “Long Bill” establishes the state budget for the fiscal year beginning July 1, 2026, and while it is not specific to housing, it plays an important role in shaping the broader economic conditions that impact the real estate market....
3 Things to Know Supporting Flexibility in Proposition 123 Funding. “Adjust Requirements Statewide Affordable Housing Fund” (House Bill 1313) updates the requirements for local governments to access funding from the Statewide Affordable Housing Fund under Proposition 123. Instead of requiring a fixed 3% annual increase in affordable housing units, the bill establishes a more flexible “target increase” based on recent housing...
3 Things to Know Governor Signs Key Housing Measures into Law. Last week, two key housing measures CAR took a support position on were officially signed into law at the Governor’s office, marking another step forward in expanding Colorado’s housing toolkit. Members of the REALTOR® family were represented at the signing with DMAR President Lisa Nguyen and SMDRA President Shelby Foster...
3 Things to Know 1. CAR Secures Major Wins in Real Estate Sunset Bill. The Colorado Association of REALTORS® played a leading role in shaping this year’s sunset bill, “Sunset Division of Real Estate” (House Bill 1287), to continue the Colorado Real Estate Commission and Division of Real Estate, both set to expire in September 2026, for another 10 years. The...
3 Things to Know Lot Splitting to Increase Starter Home Supply. The legislature recently introduced “Lot Splitting Approval by Subject Jurisdictions” (House Bill 1308), which would allow qualifying residential lots to be divided into two parcels through an administrative approval process beginning in 2027. The bill codifies a practice already permitted in several Colorado communities by establishing clear parameters for when...
3 Things to Know Wildfire Resiliency Code Deadline Approaching. Implementation of “Establishment Of A Wildfire Resiliency Code Board” (Senate Bill 23-166) continues to move forward, with a key milestone approaching this year. This 2023 law created the Wildfire Resiliency Code Board, which is responsible for adopting statewide model codes — such as hardening structures and improving defensible space around buildings —...
3 Things to Know Bill to Suppress Tenant Eviction History and Allow Lying Related to It Defeated. ”Protections for Residential Tenants” (House Bill 1047) was defeated in committee last week on a narrow bipartisan 6–5 vote, following strong advocacy from CAR. Lisa Nguyen, President of Denver Metro Association of REALTORS®, underscored the bill’s practical impact, stating, “This bill removes access to...
3 Things to Know Member comment at LPC meetings. CAR’s Legislative Policy Committee (LPC), comprised of more than 55 REALTORS® from 20 different local associations, meets every other Friday to discuss and take positions on state legislation. Of the 405 bills introduced so far, the LPC has 42 on it’s plate. While LPC meetings are closed to voting and non-voting LPC...
A bill that would have authorized local governments to impose new taxes on so-called “vacant” residential properties was defeated this week after strong opposition from the Colorado Association of REALTORS® and REALTOR® members from across the state. House Bill 26-1036, which proposed allowing municipalities, counties, and newly created housing authorities to levy taxes on vacant property based on locally defined criteria,...
3 Things to Know HUGE WIN! The Colorado Association of REALTORS® (CAR) led efforts to defeat “Vacancy Taxes” (House Bill 1036) on a bipartisan 7-4 vote, with more than a dozen REALTORS® testifying against it, along with CEO Tyrone Adams. This bill would have allowed local governments to punish the lawful use of residential property simply because it was unoccupied for...