New Source of Income Ordinance
If you own or manage rental housing in the City of Denver, you need to be aware of the new ordinance that the City of Denver has recently passed that take effect on January 1, 2019. And even if you own outside of the City of Denver, it is probable that this ordinance will be implemented in other cities so you will want to see how it affects your business.
In the past, you were allowed to choose if you wanted to accept vouchers or other forms of income as sources to determine a tenant’s ability to pay rent. Starting on January 1, 2019, landlords with more than 1 Denver rental will no longer able to refuse to consider ANY legal source of verifiable income in the same manner as ordinary wage income in connection with an application for rental housing, including disability payments and housing choice vouchers or any other rent subsidy or rent assistance program.
Please join us on December 10th to hear Debbie Wilson of Springman, Braden, Wilson & Pontius discuss the legal ramifications of this ordinance and learn what you need to know so that you don’t require legal representation due to a lawsuit. We will also have knowledgeable people on hand who currently participate in these programs to help you navigate the requirements so you will be prepared come January 1.