Construction-defects bill advances from House committee
DENVER — A bill that would reform Colorado’s construction-defects law has advanced in a legislative committee.
The Denver Post reports that House Bill 1279 received unanimous support from the House State, Veterans and Military Affairs Committee, passing 8-0. The measure requires support from a majority of homeowners in a condominium project before legal action can be taken against a condo builder due for construction defects.
Other bills that would require arbitration or deal with insurance cost controls face a less-certain future in the Legislature.
SPONSORED CONTENT
How dispatchable resources enable the clean energy transition
Platte River must prepare for the retirement of 431 megawatts (MW) of dispatchable, coal-fired generation by the end of the decade and address more frequent extreme weather events that can bring dark calms (periods when there is no sun or wind).
Colorado’s construction-defects law has been cited as a reason that condo construction has plummeted in recent years. While condos formerly represented more than 20 percent of new-home construction, that share has dropped to about 3 percent.
DENVER — A bill that would reform Colorado’s construction-defects law has advanced in a legislative committee.
The Denver Post reports that House Bill 1279 received unanimous support from the House State, Veterans and Military Affairs Committee, passing 8-0. The measure requires support from a majority of homeowners in a condominium project before legal action can be taken against a condo builder due for construction defects.
Other bills that would require arbitration or deal with insurance cost controls face a less-certain future in the Legislature.
Colorado’s construction-defects law has been cited as a reason that condo construction has plummeted in recent…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!