Wheat Ridge to assign new state ROFO/ROFR rights to Foothills Regional Housing to speed preservation
City staff recommended assigning statutory rights of first offer and first refusal under House Bill 24-1175 to Foothills Regional Housing so an experienced regional authority can act on short statutory timelines to preserve naturally occurring affordable housing.
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Staff explained a new state tool—rights of first offer (ROFO) and first refusal (ROFR) created by House Bill 24-1175—that requires property owners, under certain conditions, to notify local government if multiunit properties are placed on the market. The statute imposes short response windows (seven or 14 days depending on the tool), and staff said the city has already received three notices under the law.
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