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WHEREAS, the City Council recognizes the importance of allowing its residents <br />to propose legislation through the initiative process, but it has grave concerns about the <br />implications of Ballot Question 300 if it were to be approved by voters; and <br />WHEREAS, the City has a significant interest in improving the quality and <br />increasing the quantity of affordable housing in the City, and the City Council has adopted <br />policies to achieve this goal, including: <br />a. Inclusionary housing requirements in Chapter 17.76 of the Louisville Municipal <br />Code, which require new developments to include at least twelve percent (12%) <br />affordable housing and provide property owners and developers a choice of <br />options to meet the inclusionary housing requirement, including providing on - <br />site or off -site affordable units, paying a fee in lieu, land dedication, and <br />redemption of credits; <br />b. The City of Louisville Housing Plan dated May 7, 2024, which identifies goals <br />and strategies for increasing residential development opportunities in the City; <br />expanding and maintaining access to affordable housing; and diversifying the <br />City's housing stock; and <br />c. The City of Louisville Comprehensive Plan, which identifies the following as a <br />principle: "There should be a mix of housing types and pricing to meet changing <br />economic, social, and multigenerational needs of those who reside, and would <br />like to reside, in Louisville;" and <br />WHEREAS, Ballot Question 300, if approved, would undermine the balanced and <br />reasonable approaches embodied in these policies by prohibiting residential development <br />in the few remaining developable areas within the City unless stringent affordable housing <br />requirements are met; and <br />WHEREAS, the affordable housing exception in Ballot Question 300 is overly <br />restrictive and forecloses reasonable, flexible, and economically viable solutions to <br />address housing affordability; and <br />WHEREAS, the State Legislature has identified affordable housing as a matter of <br />Statewide concern and enacted HB 23-1255 (codified at C.R.S. § 29-20-104.2), which <br />prohibits municipalities from enacting and enforcing an "anti -growth law" affecting <br />property; and <br />WHEREAS, an "anti -growth law" is defined to include an initiative or ordinance that <br />explicitly limits the residential component of any mixed used development; and <br />WHEREAS, the City Council believes that Ballot Question 300, if approved, would <br />violate the prohibition against anti -growth laws and may lead to time-consuming and <br />costly lawsuits against the City; and <br />Resolution No. 79, Series 2025 <br />Page 2 of 3 <br />