The Seventy-first General Assembly convened on January 11, 2017, and shortly thereafter the first bill relating to construction defects was introduced.  SB 17-045 was introduced by Senators Grantham and Williams and has bipartisan support in both the senate and house.  This bill requires a court, when hearing a construction defect case in whichGo to Blog
As we previously blogged in August, the Housing Opportunity Through Modernization Act of 2016 (HOTMA) was signed into law on July 29, 2016, which, among other things, required the Secretary of HUD to provide further guidance and clarity regarding the percentage of owner occupied units required to obtain project approval for condominium communities.Go to Blog
On September 27, 2016, the Federal Fair Housing Administration released proposed updates to its condominium mortgage insurance program.  The proposed changes are open for public comment for a period of 60 days.  CAI National will be doing a grass roots outreach to synthesize industry comments and you can read more here about theGo to Blog