The 2025 Colorado Legislative Session is in full swing, folks! And, in what has become the norm, there are a number of pending legislative bills that affect community associations. We are tracking some of the key bills that will affect associations through the Altitude Legislative Tracker. However, here is a brief summary ofGo to Resource
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At Altitude Community Law, it’s important that we keep our clients up to date with the most recent information in the community association industry. As part of our educational strategies, our newsletters and blogs will give you deeper insight into the intricacies of community association law. We believe that the right attitude stems from being well versed in the knowledge necessary for community association operations, governance, and enforcement.
Below, check out the most recent news and in-depth insight by our Altitude Team:
Unless you’ve been living under a rock, you already know about the Corporate Transparency Act (“CTA”), the federal law focused on combating illicit financial activity. The CTA requires Reporting Companies, including associations, to file a Beneficial Ownership Information (“BOI”) report with the Financial Crimes Enforcement Network (“FinCEN”). The report must contain certain informationGo to Resource
As many common interest community owners and boards likely know, finding association insurance at a reasonable rate in Colorado is becoming more difficult. One of the reasons for this is that Colorado is the state with the third-highest wildfire risk, with Colorado’s 20 largest recorded wildfires occurring in the last 2 decades. InGo to Resource
In 2024, the General Assembly declared that “…increasing the housing supply through the construction or conversion of accessory dwelling units is a matter of mixed statewide and local concern.” Thus, HB24-1152 was passed into law. HB24-1152 made it unlawful for associations in ADU supportive or subject jurisdictions to prohibit owners of single familyGo to Resource
As you may recall, the Department of Justice (“DOJ”) has filed a Notice of Appeal of the preliminary injunction issued by the US District Court for the Eastern District of Texas against the Beneficial Ownership Report (“BOI”) required to be filed by January 1, 2025 pursuant to the Corporate Transparency Act (“CTA”). OnGo to Resource