Proposed constitutional amendment would limit Denver-area housing growth

DENVER BUSINESS JOURNAL - Dismayed by highway congestion and hamstrung government budgets, the author of Golden’s 21-year-old housing-growth limitations has submitted an initiative for the 2018 ballot that would cap the number of new homes and apartments going up along most of the Front Range.

Daniel Hayes’ effort must be categorized, at least for now, as a long shot.

Not only has he not solicited funders or backers for the campaign, but he said in an interview Thursday that he plans to file a lawsuit challenging the constitutionality of the recently passed Amendment 71, arguing that it would be nearly impossible to meet the new threshold of 55 percent approval to pass a constitutional amendment like his.

But local economic-development leaders are already concerned about the implications of any such proposal on being able to attract more jobs and workers if the supply of housing dries up.

Read more at the Denver Business Journal: http://bit.ly/2gshMMp

(© 2016 American City Business Journals. All rights reserved.)


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