New Colorado Law Helps Make Housing More Affordable for Renters

For Rent (iStock 149060607)

A new round of laws took effect in Colorado Monday that aim to help make housing more attainable for renters in the state. 

One of those laws caps minimum income requirements for renters and limits the amount landlords can charge for a security deposit. Previously, many landlords required tenants to make at least three times what they charge for rent.

The new law also caps the amount a landlord can charge for a security deposit to two months’ worth of rent.

Dan R