In response to government shutdown, FirstBank offers 0 percent interest Like Americans across the country, Coloradans are feeling the pinch of the government shutdown. Paychecks are on hold for more than 800,000 people nationwide and an estimated 15,000 federal workers in Colorado have been forced to go on unpaid leave or have been working without pay since December. As one of the...
By Matthew Leprino January 2019 There is little that markets like less than uncertainty, be it real estate, or otherwise. So when a segment of the population isn’t working, and worse, when they aren’t spending money, uncertainty grows and creates a ripple effect throughout our economy. As the partial government shutdown nears ever closer to a month, the likelihood that it will...
House Bill 19-1075: Tax Credit Employer-assisted Housing Pilot Program HB19-1075, sponsored by Representative James Wilson (R-Salida), creates a pilot program to increase employer-assisted housing projects in rural areas of the state from 2019 to 2023 tax years. It creates a state income tax credit to any taxpayer that donates to a state housing authority, Colorado and Housing Finance Authority (CHFA), a...
(As of January 10, 2019) As of midnight on December 21, 2018, the President and Congress were unable to agree on the provisions of a Continuing Resolution (CR) to fund the federal government. As a result, a partial shutdown of some government operations has occurred. This partial shutdown includes some federal housing, mortgage, and other programs of interest to the real...
The First Regular Session of the 72nd General Assembly Opened on January 4 The first gavel of the first regular session of the 72nd General Assembly came down on Friday, January 4th under the new leadership of Senate President Leroy Garcia and Speaker of the House KC Becker. As of this morning, 160 bills have been introduced since the start of...
The Colorado Association of REALTORS® has named it's Legislators of the Year. They are Sen. Bob Gardner, R-Colorado Springs, and Reps. Matt Gray, D-Broomfield; Mike Weissman, D-Aurora; and Terri Carver, R-Colorado Springs its legislators of the year. “Our legislative policy committee, comprised of members throughout the state of Colorado, has carefully considered this decision and believes that a legislator whose approachability and...
“Changes in the construction defect laws have really made things easier for developers,” Slate Real Estate Advisors Partner Stan Kniss says. “We’re in the midst of a pretty undersupplied market given the hold on for-sale construction projects over the last 10 years.” ### Despite changes, there still aren't as many condo projects in the works as people in the industry had hoped to see. “We wanted the...
Colorado’s General Assembly is comprised of 100 members – 35 Senators and 65 Representatives. Over the past year, Colorado has witnessed split control chambers working hand in hand to find compromise, meaning Republicans held majority in the Senate and Democrats held majority in the House, creating a balance among differing political parties and ideologies. ### When the state legislature can find compromise...
House District 41 Republican Nomination Committee has picked REALTOR® and former Arapahoe County Commissioner Lynn Myers (R) to challenge Representative Jovan Melton (D), who faces calls from leaders of the Democratic party to resign after his arrests on domestic violence charges were reported. As a current member, past REALTOR® of the Year award recipient and former Chair of the Aurora Association of...
Several Statewide Initiatives Make for a Complex Ballot – We’re Here to Provide Information to Help You Decide As we turn the pages of the calendar to the season of Fall and your T.V. is filled with playoff baseball, football and those pesky political ads, remember there is a lot to consider this election cycle that could dramatically impact...