In an effort to curb money laundering in residential real estate transactions, the Financial Crimes Enforcement Network (“FinCEN”) enacted the Anti-Money Laundering Regulations for Residential Real Estate Transfers rule (the “Rule”), which imposes extensive reporting requirements for certain non-financed residential real estate transactions. This post provides a high-level overview of the Rule and discusses a
The Colorado General Assembly has recently passed (and the Governor signed into law) Senate Bill 26-001, “Workforce Housing & Housing Tax Credit”, with the intent of increasing financial flexibility and county authority to promote workforce housing, low-income housing, and general housing needs.
SB 26-001 grants a board of county commissioners the power to sell any
In today’s real estate market—defined by rising prices, tightening credit, and limited inventory—alternative transaction models have emerged alongside traditional home sales. One such model is being implemented by Denver-based FulHouse, Inc. (fulhouse.io), which combines elements of real estate transactions with sweepstakes-style entry systems. Under the FulHouse model, consumers have the opportunity to “purchase”
For much of the American West, this winter has been historically warm and dry. Due to the resulting snow drought, many experts are predicting an intense wildfire season in Colorado and across the West more broadly. Colorado legislators have taken notice. As in recent legislative sessions, there is currently a tranche of wildfire mitigation and
Denver’s Department of Housing Stability (“HOST”) and Denver Housing Authority (“DHA”) are partnering to pilot a program aimed at spurring development of middle-income housing. As reported in the Denver Post, Denver Mayor Mike Johnston has described the pilot program as a way for the city to promote the development of housing