Proposition 123: What you need to know about the affordable housing measure on Colorado’s ballot
11 News spoke with supporters and opponents of CO Proposition 123 Thursday about their goals and worries.
Published: Oct. 6, 2022 at 8:36 PM EDT
COLORADO SPRINGS, Colo. (KKTV) -Supporters of Colorado Proposition 123 met in Colorado Springs Thursday morning to discuss their hopes and goals for the ballot item, which will appear statewide on Election Day.
If passed, Proposition 123 would dedicate 0.1% of the state budget to help fund affordable housing programs.
That comes out to almost $300 million, and that money would be going to programs designed to create rental units with a cap of 30% of a renter’s income, provide down payment assistance for qualifying individuals, and give grants to local governments for affordable housing development, among other things. Click here to visit Colorado’s “Blue Book” guide with an in-depth look at Proposition 123 on page 30.
Supporters said the proposition will allow people in lower-paying crucial careers, like education and nursing, to be able to afford to live in the communities they work in. Continue reading
