Condo reform bill becomes law–after years of lawsuits, delays and rising insurance costs
Gov. Jared Polis on Monday signed the first major bill of his administration that sponsors hope would unclog the state’s longstanding logjam regarding the construction of affordable, middle-market multi-family housing, specifically condos and townhomes, and, thereby directly promote home ownership.
Past efforts by the governor had mostly focused on rental housing and zoning.
This year, House Bill 1272 aims to jumpstart the affordable condo market, which backers say has died off in Colorado due to “construction defects” litigation.
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