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COLORADO APARTMENT ASSOCIATION ANNOUNCES RESPONSE TO SCALING BACK THE 30-DAY NOTICE REQUIREMENT

Industry News , Newsroom ,

DENVER (July 30, 2021) – Drew Hamrick, senior vice president and general counsel at the Colorado Apartment Association, released a statement in response to the 30-day notice requirement for tenants needing rental assistance.

“The Governor's scaling back of the 30-day notice requirement to only those tenants that can demonstrate they have submitted an application for emergency rental assistance in good faith is a reflection of the continuing strength and recovery of the Colorado rental market. Colorado rent payment rates remain strong and stable (97.2% of rent payments were made in June) and eviction rates remain at an all-time low level (66% of normal in June).  This continuing step back to full normalcy is good news for a healthy rental housing market.”

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 282,000 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 of the multifamily housing industry.