Centennial State Prosperity released findings from a recent survey of Coloradans that shows strong support for policies to make housing more affordable including legislation currently making its way through the legislature that allows homeowners to split off part of the lot their home is on for the construction of another home. A majority of respondents (84%) indicated that they would support passing policies to increase the supply of housing that is affordable across the state of Colorado, with half of respondents expressing strong support for such policies. Sixty-seven percent of Coloradans support individuals having the right to split their own property into two lots, so they can build additional housing that is likely to be more affordable.
HB26-1308 helps address our state’s growing housing shortage and affordability crisis by allowing homeowners to sell off part of the lot their home is on for the construction of another house. This creates more homes that are less expensive, requires less land, increases homeownership opportunities at lower price points, and gives cash-poor, house-rich owners a way to stay in their homes and communities.