Overview

• Polis vetoed HB1004 on May 29, saying the measure risked eliminating tools that help track vacancies and manage housing supply.
• Proponents contend RealPage’s software enables price-fixing that costs Denver tenants $1,600 more annually; Polis maintained such conduct is already barred under Colorado’s Antitrust Act.
• The veto comes amid lawsuits by the U.S. Department of Justice and Attorney General Phil Weiser accusing RealPage of coordinating rent increases in violation of federal antitrust laws.
• Sen. Julie Gonzales and Rep. Steven Woodrow criticized the veto as favoring large landlords over renters and indicated they will reintroduce restrictions on rent-setting algorithms next year.
• RealPage praised the decision as support for responsible technology use and called for broader policy solutions to address housing affordability rather than outright bans.