February 12, 2020
Hancock: “Now is not the time to shift Colorado into reverse and undo the great work this General Assembly has done to promote attainable housing.”
Denver, CO – Today, Denver area mayors joined the chorus of business organizations, housing advocates and community leaders opposing SB20-093. Denver Mayor Michael Hancock, Lone Tree Mayor Jackie Millet, Lakewood Mayor Adam Paul, Arvada Mayor Marc Williams and Westminster Mayor Herb Atchison urged members of the Colorado Senate to vote “NO” on SB20-093 and stand on the side of attainable housing.
The mayors praised the General Assembly for their work on reforming construction defects just 3 short years ago. From 2018 to 2019 alone, Metro area annual condo starts rose 34%.  Additionally, there are 2,782 condo units currently under construction and 109 future projects, totaling almost 17,000 units in the pipeline and representing opportunity for thousands of Coloradans.
According to Mayor Hancock, SB20-093 will reverse the most positive impacts of HB-1279 and the Vallagio decision, which paved the way for a quintupling of condo construction since 2017. “More than ever, we must provide attainable housing options to our residents. We can’t shift Colorado into reverse and undo the great work this General Assembly has done to promote attainable housing.”
“Colorado simply can’t afford to endanger the recovery that our housing stock has seen and compromise attainable and entry-level workforce housing or the opportunity for our seniors to age in place in a home they can own,” continued Lakewood Mayor Adam Paul on behalf of the Colorado Municipal League.

Arvada Mayor Marc Williams continued, “More broadly, SB20-093 is going to make arbitration more difficult and more expensive for the very consumers the bill seeks to help, all while introducing an extraordinary number of unintended consequences that are likely to stifle our economy.”

 “Without a doubt, this bill will drive up housing costs for consumers and we simply can’t do that to our citizens. We cannot be complicit in destroying the American Dream – Colorado is better than that,” said Westminster Mayor Herb Atchison.

The Homeownership Opportunity Alliance is a bipartisan, statewide Coalition of Coloradans working to open the doors to attainable homeownership.
Homeownership Opportunity Alliance Coalition

American Council of Engineering Companies of Colorado
American Institute of Architects – Colorado Chapter
American Subcontractors Association
Apartment Association of Metro Denver
Associated Builders and Contractors, Rocky Mountain
Associated General Contractors
Building Jobs 4 Colorado
Colorado Apartment Association
Colorado Association of Home Builders
Colorado Association of Mechanical and Plumbing Contractors
Colorado Association of Plumbing-Heating-Cooling Contractors
Colorado Association of REALTORS®
Colorado Bankers Association
Colorado BUILDS
Colorado Business Roundtable
Colorado Civil Justice League
Colorado Chamber
Colorado Competitive Council
Colorado Concern
Colorado Contractors Association
Colorado Mortgage Lenders Association
Colorado Municipal League
Colorado Springs Business Alliance
Denver Metro Chamber of Commerce
Denver South Economic Development Partnership
Douglas County Business Alliance
Douglas County Commissioners
Downtown Denver Partnership
Economic Development Council of Colorado
Habitat for Humanity
Heating, Air-Conditioning, Refrigeration Professionals
Hispanic Chamber of Commerce of Metro Denver
Hispanic Contractors of Colorado
Home Builders Association of Metro Denver
Housing and Building Association of Colorado Springs
Housing Colorado
Independent Bankers of Colorado
Independent Electrical Contractors
Metro Denver Economic Development Corporation
NAIOP Colorado
National Electrical Contractors
Sheet Metal and Air Conditioning Contractors
Urban Land Conservancy



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