Colorado renters with lower incomes may soon have more housing options opening up after the House passed SB-184 over the weekend. But some landlords say it may lead to an increase in defaults
Supporters say the legislation will offer more protections for tenants by capping minimum income requirements to twice the cost of monthly rent. Right now, many landlords require tenants to make at least three times what they charge for rent.
Supporters of the legislation say these changes also will prevent landlords from discriminating against people using housing vouchers."We have an affordable housing crisis," said Froelich."The more we crunched the numbers, the more we realized the folks who can't afford to pay a deposit of three times their monthly rent, are teachers, first responders, and folks we want living in our community.
William Bronchick, who has been a landlord for around 30 years, says his biggest worry comes with the new income requirement.
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