Colorado's construction defects law needs to be repealed. It has put an end to nearly all condo construction in the state. Under current law, as few as two condo owners can file a class-action lawsuit against the builder. That means that condo buildings are uninsurable. Builders don't want to risk getting sued and banks won't finance new condo construction. The only people who profit from the current arrangement are trial lawyers.

Condos play an important role in the residential real estate market. They are an important affordable housing option, and the entry level purchase for many homeowners. Because would be homeowners are priced out of condos, they are bidding up the price of apartments. Rents are skyrocketing. In August 2015, there were 45 times more apartments under construction near downtown Denver than for-sale housing. Rent now consumes 35% of the average resident's income, far above the historical average of around 23%.

Efforts to reform the law have repeatedly died in the Colorado State House. Sign this petition to and help make housing affordable again.