A bill to add more protections for Denver homeowners before a homeowner association can initiate foreclosure proceedings got the initial OK to move forward to the city council, the latest policy change spurred by the HOA actions at Green Valley Ranch. Council President Stacie Gilmore introduced the proposed policy changes to the city’s Safety, Housing, Education & Homelessness Committee on Wednesday, asking for the members’ support on the added protections meant to expand on a bill passed by the Colorado Legislature this year. “We modeled this draft bill after the requirement in the residential rental licensure program to provide tenants with their rights and resources, doing the same by requiring HOAs to provide written notice of owner’s rights and a listing of legal and housing resources at least 30 days prior to initiating any foreclosure action,” Gilmore said at the meeting. RELATED: “Tip of the iceberg”: Green Valley Ranch foreclosures spotlight Colorado’s lack of HOA regulation She hopes the bill will help prevent families “from falling through the cracks and losing their home” that HB22-1137 — which hasn’t been signed into law yet — doesn’t prevent. “Prior to the passage of House Bill 1137, the city didn’t have an avenue to provide oversight in how HOAs manage their operations,” Gilmore said.
Similar Stories to Denver Eyes Adding More Protections For Homeowners Living In Hoas on Bing News
Saja Hindi, Denver Post: Business
Thu, 05/26/2022 - 10:33am
Topics: council president stacie gilmore safety housing education homelessness committee colorado legislature we hb22-1137 prior house bill the house gilmore s city council june august rep naquetta ricks aurora democrat the denver post exorbitant ricks though hoas related articles tip vickie wilhite together colorado shorter ame church so i it denver hoa green valley ranch gilmore hoas related ricks politics wilhite wilhite i adding protections for homeowners foreclosure provide notice action rights resources fees state association put power year place notices prevent fines days tenants monthly didn lose require delinquency written legal passed payment policy listing wednesday requiring homes foreclosures iceberg lack initiating hopes regulation spotlight told pursuing violations approved efforts facing time missed
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