Latest (and Greatest) Colorado Construction Defect Reform Bill—SB17-156

The lack of more affordable housing in Colorado has been well documented over the last several years, and there have been a number of attempts to address reform of the current laws by legislative action. More than 13 communities with 2.5 million residents have passed local ordinances to promote condo development to provide owner-occupied, multi-family housing by putting in place reforms to reduce the threat of expensive, time-consuming litigation over construction defects. Since 2015, a broad, bipartisan coalition of mayors, economic development groups, affordable housing groups, and representatives of the construction and housing industry (the Homeownership Opportunity Alliance or HOA) have attempted to find a state-wide legislative solution to the housing crisis. The HOA notes that condos are only 3.4% of new housing starts in the Denver metro area, compared to 20% in 2007.     Read the article…………..