Land Use & ZoningIntermediateColorado Exam
Colorado's Senate Bill 23-213 (2023) aimed to address housing affordability by:
ACreating rent control in all municipalities
BRequiring municipalities to allow higher-density housing near transit stationsCorrect
CTransferring zoning authority to the state
DMandating all-cash transactions for investment properties, under standard practice
Why Requiring municipalities to allow higher-density housing near transit stations Is Correct
Answer B: Requiring municipalities to allow higher-density housing near transit stations
SB23-213 (though amended before final passage) aimed to require municipalities to allow higher-density housing, particularly near transit stations, to address Colorado's housing shortage. Related bills have continued to push for transit-oriented development and reduced exclusionary zoning.
Key Land Use & Zoning Terms in This Question
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
State-Specific Concepts
DRE Regulation
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