Among political maneuvering and complaints of delay from bill sponsors, a construction defect reform bill aimed at sparking construction of condominium units and transit oriented developments has not yet been introduced. With the legislative session officially ending on May 7, 2014, introduction and passage this year is in doubt. According to the DenverGo to Resource
Category: Legislative Miscellaneous
Recently, Illinois became the final state to adopt conceal carry laws to authorize gun owners to obtain a permit to carry their firearm on their person. This new legislation has again sparked the debate relating to gun control in relation to community associations and the extent to which associations may adopt rules toGo to Resource
Not only have condominium communities felt the heat of the FHA when it comes to leasing restrictions, but individual buyers of condominium units have also experienced their share of grief. For example, on July 19, 2013, FHA started requiring all borrowers to sign a HUD form at closing providing that as long asGo to Resource
The Department of Regulatory Agencies (DORA) released its 2012 annual report detailing the past years activity regarding homeowners associations. The Report indicates that the Homeowners Association Information Office received 2,873 inquires in 2012 (a 5.9% decrease from 2011). Most of the inquiries pertained to the following areas: The general operation of the anGo to Resource
The Denver HOC Condominium Team, which reviews applications for FHA approval of condominium projects is charged with determining whether condominium communities are eligible for approval of FHA backed loans. As a part of that review, the Team determines if the community meets the established guidelines. Criteria includes a review of delinquency rates, occupancyGo to Resource