News
Housing Boulder County – We Make the Way
Several non–profits have come together to host a series of virtual sessions on affordable housing in Boulder County. The hosts are: Together Colorado, NAACP Boulder County, the Boulder Valley Labor Council and the East Community Housing Opportunity Coalition. I attended the first session in January and it was interesting and informative. They had two speakers that discussed historical housing policies that have led to some of our land use patterns of today. They specifically highlighted the practice of red lining. If you are not familiar with the term, redlining is the practice of refusing to offer credit or insurance in a particular community on a discriminatory basis (as because of the race or ethnicity of its residents). This practice is illegal today but has had a lasting impact. After the speaker, you are virtually broken into small groups for a discussion. The sessions last from 6:30pm – 8:00pm and anyone interested in housing is welcome to come. In case you are interested, below are the dates and times of upcoming sessions:
- Feb 8, 2021 06:30 PM Topic: What’s the Local Reality?
- Mar 8, 2021 06:30 PM Topic: Why is Affordable Housing so Hard to Accomplish?
- Apr 12, 2021 06:30 PM Topic: How do we take Action?
Boulder Announces Interest Rate for 2021 Tenant Security Deposit: Decrease to 0.07% for 2021
The City of Boulder published the interest rate for 2021 tenant security deposits. It is set at 0.07%, effective Friday, Jan. 1, 2021.
This is the mathematical average of the one-year certificate of deposit from the top three financial institutions in Boulder, based on market share data as of Dec. 14, 2020.
The tenant security deposit interest rate is recalculated each year in accordance with Ordinance 7320, which was adopted on Feb. 17, 2004. Relevant code language may be found in Chapter 12-2: Landlord-Tenant Relations of the Boulder Revised Code (sections 12-2-2 and 12-2-4 through 12-2-7). The rate is the average of the one-year certificate of deposit from the top three financial institutions in Boulder, based on market share data as of Dec. 15, 2018.
The computation formula of the interest due for residential security deposits in the City of Boulder is: Multiply the entire amount of the security deposit by the appropriate multiplier for that year, divide that number by 12 to obtain a monthly percentage amount due, and then multiply that monthly number by the number of months the deposit was in the landlord’s possession, including the 30 or 60 days after the end of the lease. The rate in effect at lease signing is in effect for that lease period, until termination or renewal for another period. Month to month leases are considered renewed each month, so the interest rate due will change on the first of every calendar year for month to month leases.
Click Here to View Security Deposit Interest Rates for City of Boulder.
Governor Issues New Executive Order Related to Evictions
The Governor has issued a new executive order that requires all rent demands to include a copy of the CDC order and the declaration form. The CDC order can be found here and the Declaration form can be found here. There is no requirement for you to provide these documents prior to serving a rent demand or for you to re-serve these documents with the rent demand if you have already provided them to the resident.
In addition, the executive order extends the 30-day rent demand. For a full copy of the executive order please click here.