
Vote in Local Elections this November!
Local governments across Colorado will hold elections on November 7, including elections for mayors, city council members, and school board members. Two issues will also
This means that many of our neighbors are on the verge of losing safe housing – and many more have to make difficult financial decisions to be able to keep their homes. 88% of Coloradans agree – rising housing costs are an extremely serious problem.
The good news: This November, for the first time ever, affordable housing will be on the ballot in Colorado.
Make Colorado Affordable – also called Proposition 123 – would put up to 0.1% of the state’s existing taxable income towards solving our housing crisis. Without raising taxes, the proposition would create approximately $300 million every year for the state to spend on affordable housing and other housing-related causes. The measure has been endorsed by dozens of Colorado organizations – including our team at Habitat Metro Denver.
The measure would not directly raise taxes; it will be funded by a tenth of a percent of taxes that the State already collects. The money collected for the fund would be exempt from the TABOR limit, meaning that Coloradans might see a reduction of about $40 in their TABOR refund check in the first year and $80 in the second year. We see this as a small price to pay to make a significant impact on our state’s affordable housing challenges.
The proposition allocates money for six different programs, to cover needs across the housing spectrum: land banking, creation and preservation of affordable rental housing, debt financing for affordable housing projects, affordable homeownership, homelessness relief, and increasing local planning capacity.
We believe this initiative is an effective solution to the challenges our communities face. As a home provider and builder in Colorado for more than 40 years, this initiative will enable us to provide more homes – sooner – to hardworking Coloradans.
Join us by learning more about Proposition 123 and by making sure you are registered to vote this November.
Learn more about Proposition 123 – Make Colorado Affordable
Read Proposition 123