Mike Kopp

April 19, 2017

Denver – Today Colorado Concern played an instrumental role in striking a bipartisan construction litigation reform accord in HB 1279. The Construction Defect Actions Notice Vote Approval bill, was hailed by the pro-business alliance a key step in the direction of bringing thousands of new affordable for sale homes to the market and lowering costs.

“After three years of relentless work, this bill represents a critical move forward for Coloradans struggling to buy an affordable home, as well as a positive development for the business community and our economy. The health and growth potential of our workforce depends on finding solutions in this area.” said Mike Kopp, President and CEO of Colorado Concern

Not being able to buy a home deprives hard-working Coloradans of the ability to build equity and take control of their financial future. It also forces people to live further from where they work, which increases urban sprawl and creates disincentives for businesses to move or open their offices here, according to recent analysis by Colorado Concern and its study partners.

While the report found substantial evidence that there is high demand for affordable housing in Colorado, it also found that prior construction defects laws have had devastating consequences on struggling home buyers. In Denver, for instance, entry-level home prices have increased more than 100 percent since 2010, according to the study.

“HB 1279 is a good step, but others may be needed in the future. Still, we are optimistic that it will encourage developers to build more attainable housing, such as condos, for first-time home buyers, seniors young professionals, teachers, firefighters, and a number of other Coloradans moving here to be part of our thriving economy,” Kopp said.

Agreement was reached on the bill around midnight Wednesday morning is expected to pass its first test today as it heads into its first committee hearing where it is expected to pass. It is also expected to be approved by a majority of legislators in both chambers and signed by the Governor.

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