Colorado Apartment Association Releases Statement in Opposition to Broomfield Ordinance 2100, Which

DENVER (March 10, 2020) – Today, Drew Hamrick, senior vice president and general counsel at the
Colorado Apartment Association, offered a statement regarding Broomfield Ordinance 2100, Local
Government Authority Promotes Affordable Housing Units:

“Tonight, the Broomfield City Council voted to pass Broomfield Ordinance 2100. This decision will be
harmful to Broomfield residents because, while the ordinance claims to promote affordable housing
units, it will only do so at the expense of other renters. This legislation enacts inclusionary zoning, which
subsidizes rent for a certain number of units by raising rent for most of the other tenants.

“Broomfield Ordinance 2100 requires that 20% of any rental development must be affordable for lowincome tenants or the payment of a large development fee. The ordinance involves a 40-year deed
restriction on all rental properties in Broomfield to uphold this standard.

“Increasing fees on new housing increases the cost of new housing. Shifting the cost of rent from one
group of renters to another does not decrease in the overall cost of housing. Instead, the burden of rent
for lower income residents is transferred to other residents who only have slightly higher income.
Broomfield Ordinance 2100 unfairly asks people such as firefighters, nurses, and policemen to pay the
rent of other tenants.

“The Colorado Apartment Association is disappointed by the decision of the Broomfield City Council and
will stand opposed to any future local or statewide inclusionary zoning Initiatives. Such legislation will
have similar consequences of rent control: Affordable housing would ultimately decrease, and residents
will pay higher rent.

“Inclusionary zoning does not increase housing opportunity or affordability; it just shifts the cost of
housing to other renters. The real solution to affordable housing is to build more units. Our state should
be focused on reducing the costs and delays of constructing new multifamily developments, which is the
least expensive and the most environmentally friendly option. We believe all renters deserve to be
treated fairly, but Broomfield Ordinance 2100 has given most Broomfield residents a bad deal.”

About the Colorado Apartment Association
The Colorado Apartment Association (CAA) is a non-profit trade association representing owners,
developers, management companies, and vendors of the multifamily rental housing industry. CAA is
comprised of four local affiliates from across the state. The association represents over 3,100 members
who own and manage over 420,000 apartment homes, which totals more than $60 billion in assets.
Together with the local affiliates, the National Multifamily Housing Council, and the National Apartment
Association (NAA), CAA offers a strong network of information, education and representation for the
multifamily housing industry