DENVER (KMGH-TV) — A new round of laws took effect in Colorado this month that aim to help make housing more attainable for renters in the state.
One of those laws caps minimum income requirements for renters and limits the amount landlords can charge for a security deposit. Previously, many landlords required tenants to make at least three times what they charge for rent.
Hitchner, a grad student at the University of Denver, said when she moved to Colorado a year ago, it was difficult finding a place to live.
“It was very stressful. It took some solid weeks of searching. I ended up actually not having a house for two weeks, because it took so long to find a place. I was staying with friends,” she said.
The new law also caps the amount a landlord can charge for a security deposit to two months’ worth of rent.
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