Ex. Summary:

House Bill 21-1117 enhances local governments' authority to manage land use and foster affordable housing development, clarifying that municipalities and counties can mandate affordable housing in new projects without breaching state rent control laws. The legislation requires local governments to take proactive measures to boost the housing supply, such as zoning for higher density, reducing parking requirements, and providing regulatory incentives. It also grants flexibility to developers, permitting them to comply through on-site affordable units, off-site construction, or financial contributions. While the bill equips local governments to tackle housing shortages, it may also present potential cost challenges for developers. Ultimately, this legislation promotes long-term housing affordability, efficient urban planning, and equitable access to community housing options.