Rent In Boulder Could Increase Due To City’s New Energy Efficiency Mandate

November 8, 2012 9:41 PM

Rent In Boulder Could Increase Due To City’s New Energy Efficiency Mandate
" BOULDER, Colo. (CBS4)- Renters in Boulder may already pay the highest rents in the Denver metro area and they may soon increase even more.

Landlords blame increases on a new city program, called “Smart Regs,” forcing them to spend thousands of dollars to make their rentals more energy efficient.

Critics said the goals of the program are admirable but they predict it’s going to hurt the people it’s supposed to help.

The theory behind the program is that by improving energy efficiency in rental units the City of Boulder will reduce its greenhouse gas emissions and its carbon footprint and improve the environment.

The owners of some 20,000 rental units in Boulder will have to improve their energy efficiency in their properties, new windows, solar energy, new water heaters, add insulation, whatever it takes.

If certain levels of energy efficiency are not achieved, landlords will no longer be licensed to rent their homes, condos and apartments.

That has Jon Miller and some other property owners aggravated. Miller and his family own a 24-unit apartment building in North Boulder "

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