The future of Colorado condo development | Opinion
By Peter LiFari
Peter LiFari is chief executive of Maiker Housing Partners and serve as a housing fellow for the Common Sense Institute.
For nearly two decades, the story of condominium construction in Colorado has been mistold, misunderstood and misrepresented.
This outcome reflects the cumulative effect of more than two decades of Colorado policy, beginning with the Construction Defect Action Reform Act of 2001 and evolving through subsequent legislative changes, that have reshaped the risk landscape governing construction defect claims and liability, producing results that have been nothing short of disastrous for condominium construction.
That framing misses the real consequence, though. The aggrieved party in Colorado’s condominium market is the Colorado homebuyer, not the builder. As the housing fellow for the Common Sense Institute, I lay out the data in a new report explaining this collapse and the consequences now rippling through the state’s broken housing continuum.
For years, demand for owned housing in Colorado has remained strong. Read the rest of the article in Colorado Politics