Monday, October 14, 2013

Housing News Digest, October 14

Task force: Colorado homeowners should pay to live in burn zones Gov. John Hickenlooper's wildfire team unveiled an overhaul of how Colorado deals with the growing problem of people building houses in forests prone to burn, shifting more of the responsibility to homeowners. The overhaul recommends that lawmakers charge fees on homes built in woods, rate the wildfire risk of the 556,000 houses already built in burn zones on a 1-10 scale and inform insurers, and establish a state building code for use of fire-resistant materials and defensible space.

  Agreement goes out window as Canyons development comes inA high plateau of undeveloped grassland, 3,300 acres just east of Interstate 25 and Castle Pines, is expected to soon start turning into something else — “one of the best master-planned communities not only within the state but within the region,” in the words of Mark Nickless, general manager of The Canyons development. “We're excited about the possibility of getting this going,” he said of a plan that allows for 250 acres of commercial area and 2,500 homes. “The Alperts (landowners) have been working on this for a number of years.”

  Ryland Opens Colorado DevelopmentRyland Group Inc. announced Thursday that it has opened a residential development in Colorado. The Patio Villas at Coal Creek Village North in Lafayette, a neighborhood in suburban Boulder, features single-story floor plans with up to two bedrooms and two bathrooms. Homes start at $320,000.

  Borrower loses after challenging Colorado foreclosure processLisa Kay Brumfiel claimed the process was flawed in that it allows lenders to foreclosure without having to prove their legal right to do so. Lenders at one time were required to produce the mortgage note that a homeowner signed, but a law passed in 2006 changed that, allowing lawyers to merely claim the banks had the authority.

  Redevelopment taking shape in Lafayette The first phase of redevelopment plans for Coal Creek Sports Center, at the southeast corner of U.S. Highway 287 and South Boulder Road, has received preliminary approval from the city’s planning department. Pending final approval, Jarrett Armstrong of Armstrong Capital Development in Centennial said the plan is to break ground by early next year and deliver the first phase to tenants in the second half of 2014.