Home Builders Association of Denver

ACTION ALERT

ACTION ALERT

ICYMI…

The Denver Post and The Gazette reported last week that starter homes are nearly impossible to find in metro-Denver and Colorado Springs. In fact, Colorado Springs and the Denver metro area rank second and third respectively for the most “unbalanced” housing markets IN THE COUNTRY for first time homeowners.

As The Post put it: “Many Front Range home shoppers can afford ground chuck, but are finding store shelves stocked with filet mignon.”

This starter-home desert, combined with skyrocketing rental rates that have 40 percent of working Colorado renters spending more than a third of their income on rent, presents a bleak outlook for young professionals, seniors, and everyone from teachers to firefighters who are struggling to find an affordable place to live in the community where they work.

New owner-occupied, multi-family housing would help many Coloradans currently squeezed out of the market. But the exploitation of Colorado’s current construction defects law has led to widespread litigation and astronomical insurance costs for builders, most of whom have abandoned starting these new projects.

We Need Your Help…

SB 156 would fix problems in the current law by providing a common sense and balanced solution that protects consumers from faulty construction while also increasing diverse and more affordable options for home ownership.

Act Now…

Contact your legislator. Thank them for their work and ask them to support SB 156 and ensure it receives a full and fair hearing. Find your legislator HERE.
Join us on social media and ignite a Twitter storm. Use the hashtag #NoPlaceLikeHomeCO to tweet about the benefits of SB156 and follow us @Housing4CO.
Share and “like” our posts on Facebook at Housing4CO.
Write a letter to the editor in support of SB156. Submit to The Denver Post or your local paper.

Share the Facts about SB 156…

Provides a common sense and balanced solution that protects consumers from faulty construction while also increasing diverse and more affordable options for home ownership.
Encourages construction of housing options that are within reach of many first time homeowners, seniors, young professionals and others who have effectively been blocked from home ownership at a time when the state’s rental market has skyrocketed
Defines a quick resolution process for homeowner associations who are trying to correct construction defects, while also protecting homeowners who are trying to re-sell or finance their homes from actions taken by their boards without their consent or knowledge.
Does not preclude a single homeowner from pursing legal action for allegations of construction defects against a builder.
Encourages new multi-family development near light rail and transit stations that provide easy access to commuting, shopping and urban-living options
Provides a more stable environment for many Coloradans who have been precluded from putting down strong roots and for cities and towns which are finding it more difficult to build established and less transient communities.

The Homeownership Opportunity Alliance is a coalition of affordable housing advocates, business leaders, mayors and economic developers. Learn more by following @Housing4CO on Twitter or Housing4CO on Facebook.