Looking at it from an Economic Development perspective, the unintended consequences brought about by the Construction Defects Act go way beyond simply discouraging builders from constructing market-rate and affordable housing options like condominiums, townhomes, duplexes, and patio homes. It’s about the dire reduction of diversified housing throughout Colorado. But what exactly does diversified housing mean for the communities of Colorado?

Diversified housing, including rental properties, condo/townhome units, single-family homes, and specially designed developments for seniors, provides Coloradans with opportunities to enhance their economic conditions and make meaningful contributions to their communities. Moreover, a diverse range of housing options allows for greater mobility in terms of individual needs for home sizes and values, ultimately freeing up housing stock and addressing the ever-growing demand for varied housing choices.

These housing options foster inclusive communities that can withstand economic and housing downturns. Additionally, they attract and retain employees by enabling them to live closer to their workplaces, thus reducing commute times and allowing them to spend more quality time with their families. As a result, communities benefit from reduced traffic congestion, air pollution, and expenditures on roads.

Join us as we delve deeper into Construction Defects reform and the importance of housing diversity in Colorado communities. Together, let’s create thriving, inclusive communities by incentivizing diverse housing options and finding meaningful ways to reduce the impact of construction defects litigation.

Moderator:
Charlie J. Smith, Shareholder, Brownstein Hyatt Farber Schreck, and EDCC 2024 Special Appointment to the Board of Directors (Practices: Commercial Real Estate and State Government Relations)

Panelists:

• Kevin P. Walsh, Shareholder, Brownstein Hyatt Farber Schreck (Practices: Commercial Litigation and Construction)
• Ted Leighty, CEO, Colorado Association of Home Builders/Home Builders Association of Metro Denver
• Chris Brown, Vice President of Policy and Research, Common Sense Institute
• Clayton Sharkey, Senior Vice President, Construction at IMA Financial Group, Inc.

Thought Leadership Paper
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