Colorado is experiencing a housing crisis with a deficit of affordable, attainable, and available housing. This deficit is most acute in the availability of condominiums, arguably the most affordable owner-occupied housing option and a key path to first-time homeownership. Contributing to the condominium shortage are consequences from the Construction Defect Action Reform Act that the Colorado legislature adopted in 2001, which was intended, in part, as a buffer against frivolous lawsuits but was later amended to allow litigation over minor defects and code violations instead of actual damages. As a result, builders’ liability insurance has spiked, and development of condominiums has grinded to a near halt in Colorado. This sequence of events has culminated into a situation where homeowners are inadvertently faced with the negative consequences of costly and time-intensive construction liability lawsuits.

If you are (or have been) in the market recently for a condominium or are a past or current condo owner affected by construction liability litigation, please answer the following questions.

For questions, please reach out to Sara Goodwin (sgoodwin@catalystpublicaffairs.com)