2 days 10 hr agoMay. 30, 2025 12:22 pm
Colorado Gov. Jared Polis has vetoed House Bill 1004, which was the nation’s first-of-its-kind legislation passed by a state legislature to ban landlords from using AI-powered rent pricing tools such as RealPage’s YieldStar software. Tenant advocates argue that such tools facilitate landlord collusion and inflate rents, but Polis cautioned that the bill could have unintended consequences, including restricting useful tech and exacerbating housing supply issues.
Critics slammed the veto. “This sends the devastating message that corporate landlords can keep using secret price-fixing algorithms,” said Sam Gilman of the Community Economic Defense Project. A 2024 study by the Biden White House claimed algorithm-driven pricing added up to $136 a month to Denver rents.
RealPage applauded the decision, as some of Colorado’s largest landlords rely on its software. “RealPage applauds Governor Polis for his courageous leadership in doing the right thing and vetoing HB25-1004,” the company said in an emailed statement. “This is the right outcome for all of us who desire a healthy housing ecosystem that benefits Colorado renters and housing providers alike. We want to thank Governor Polis and the broad array of supporters of housing affordability who instead advocated for the responsible use of technology and tools like RealPage’s algorithmic pricing software to find fair pricing, ultimately benefiting all Coloradans.”
Polis’ veto provides RealPage with more temporary relief, coming on the heels of a larger buffer that could emerge if the U.S. House Republicans’ tax bill passes. A provision in the tax bill would impose a federal moratorium on local AI-related regulation for a full decade. But legal risks persist for RealPage and others. Colorado’s attorney general, the DOJ, and seven other states are pursuing a civil antitrust suit against RealPage for alleged price-fixing.
The Colorado Sun