Mitigate Litigation Risks for Condo Development

Mitigate Litigation Risks for Condo Development

May 01, 2017

Article

Co-author, Colorado Real Estate Journal, May 2017

It’s no secret that there is pent-up demand for condominiums in Colorado – and developers are starting to venture back into the market. There has been some legislative reform, but uncertainty is still the norm. Multifamily housing construction has been booming across Colorado’s Front Range, but for-sale condominium construction is at near all-time lows, largely due to a legal framework that makes it easy for homeowner associations to bring expensive construction defect suits against developers and their contractors. This situation persists despite over five years of efforts by the Colorado Legislature as well as metro area municipalities and housing advocates to modify those aspects of Colorado’s legal framework that discourage the construction of for-sale multifamily housing.

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