Call for Action: Support Construction Defects Reform
Colorado’s housing market is booming. Affordably priced homes are receiving multiple offers over asking price within hours of being listed. Why, then, are there no new builds of affordably priced condominiums and townhomes?
Builders and developers have been scared away from developing in Colorado due to the current construction defects laws. Homebuilders and homeowners have a high risk of expensive, time-consuming litigation. It is time to make a change.
SENATE BILL 177 was introduced this week to help remedy this situation. Bipartisan legislation sponsored by Senators Scheffel & Ulibarri and Representatives DelGrosso & Singer, SB 177 fosters conditions that encourage builders to construct more affordable housing, provide increased homeownership opportunities for all Coloradans, and stimulate our state’s economy.
We are asking ALL REALTORS® to contact their State Legislators and encourage them to vote for SB 177.
Click the button below to take action!