Overview

• On May 29, Gov. Jared Polis vetoed House Bill 1004, which aimed to ban landlords’ use of rent-setting algorithms in Colorado.
• Polis argued that existing antitrust law already tackles landlord collusion and warned the bill risked removing legitimate rental-market tools.
• Housing advocates and Democratic sponsors condemned the veto as a setback in efforts to curb algorithm-driven rent increases.
• RealPage praised the veto, defending its software as a means to achieve fair pricing and efficient market operations.
• The company faces ongoing federal and state antitrust investigations, and a White House study linked its algorithm to higher annual rents for Denver-area tenants.