Thoughts: Colorado Proposition 123

[Mike S.]

Fellow Coloradoans -

I searched for it but didn't see anything discussing Proposition 123 on these forums. Curious to get people's thoughts on how they think this will affect the rental landscape in #Colorado and #Denver. 

Here's the Ballotpedia link with more info: https://ballotpedia.org/Colorado_Proposition_123,_Dedicate_State_Income_Tax_Revenue_to_Fund_Housing_Projects_Initiative_(2022)

[Derek Criscitiello]

My wife does property management in CO and CO law requires all landlords to take section 8 vouchers.  Some of that tax revenue is going towards that so it will likely help single family/apartment rentals that a priced towards the lower end of the market.  So overall I think it could be good for property investors as the state money is guaranteed income.