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Update – Construction Defect and Affordable Housing Legislation in Colorado

By Jay Philp on April 22, 2015
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Both sides of the political aisle have expressed interest in legislation to promote affordable housing and to correct what many believe is a problem with Colorado’s construction defects law that is preventing construction of condominiums in the Denver metro area.  One option currently under consideration is Senate Bill 15-177.

As reported here by The Colorado Statesman, whether SB 177 gets to a vote this session remains unclear.  There is some indication that Speaker of the House Dickey Lee Hullinghorst, and other House Democrats including Representative Max Tyler (D-Lakewood) as reported here by the Denver Business Journal, may soon propose alternative bills.

We are among the many who are curious to see the details of what Speaker Hullinghorst and other House Democrats propose.

Photo of Jay Philp Jay Philp

Jay Philp represents clients in all phases of real estate acquisition, development, leasing, financing and sales. Jay represents owners, private developers, master redevelopers and REIT affiliates on office, medical office, hotel, resort, multifamily, mixed-use, retail and industrial projects located throughout the United States.

Jay Philp represents clients in all phases of real estate acquisition, development, leasing, financing and sales. Jay represents owners, private developers, master redevelopers and REIT affiliates on office, medical office, hotel, resort, multifamily, mixed-use, retail and industrial projects located throughout the United States. He also represents purchasers of portfolios of bank-owned REO properties and individual REO or distressed assets. In addition, he has represented purchasers of real estate loans and conducted foreclosures.

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  • Posted in:
    Real Estate & Construction
  • Blog:
    Rocky Mountain Real Estate Law
  • Organization:
    Otten Johnson Robinson Neff + Ragonetti PC
  • Article: View Original Source

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