Virtually all of Boulder County’s local governments have their own, individual plans to reverse the diminishing supply of affordable housing in their respective communities. But these local governments are now weighing a new approach: collaborating and coordinating with one another in a way that, if successful, would supply more affordable housing to the county than the total that will be provided if each of them continues acting independently.
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Hosts of Short-Term Rentals Slow to Obtain Licenses, Face Hefty Fines
Enforcement of Denver’s short-term rental regulations, which were passed in the summer of 2016, started January 1, 2017. However, not all hosts seem to have gotten the message, with only about 18 percent of Denver properties on Airbnb including their license numbers in the listing—a requirement under the new regulations.
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Enforceability of Choice of Law Provisions
In a recent decision, the Colorado Court of Appeals upheld a Nebraska choice of law provision found in a promissory note. The dispute centered around which state’s statute of limitations should apply to a collection action on the promissory note. Colorado’s statute of limitations for actions to collect on a promissory note is six years; Nebraska’s is only five years. Because the plaintiff filed the lawsuit approximately five and a half years after the borrower had defaulted, the resolution of the choice of law issue would decide the case.
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Criminal Background Checks for Tenants
Recently, the National Multifamily Housing Council and the National Apartment Association published a white paper that reviewed the recent Guidance of the U.S. Department of Housing and Urban Development’s (“HUD”) relating to landlords screening tenants for criminal convictions and proposed “best practices” relating to such screening.
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Colorado Rain Barrel Bill Clears Final Hurdle
A Bill allowing for limited residential collection of rain water cleared its final hurdle on Friday, April 1, 2016, when it was approved by a majority of the State Senate. HB16-1005, commonly referred to as the “Rain Barrel Bill”, stalled several times in the State House before eventually making its way through the Senate. Governor Hickenlooper will now sign the Rain Barrel Bill into law and it will take effect August 10, 2016.
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