DENVER (March 6, 2018)—The Colorado Association of Home Builders today released the following statement recognizing Colorado Senator Michael Bennet’s co-sponsorship of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. This National Association of Home Builders-supported legislation addresses the challenging credit conditions that home builders and home buyers continue to face and will come to a vote on the U.S. Senate floor this week.
“Colorado’s home builders thank Senator Bennet for reaching across the aisle and working in a bipartisan manner to craft legislation that will spur job and economic growth by easing tight credit conditions on home builders, home buyers and consumers,” said Marc Towne, Chairman of the Colorado Association of Home Builders. “The Economic Growth, Regulatory Relief and Consumer Protection Act will provide important regulatory relief for midsize and regional banks, particularly community banks that are the most common source of lending for home construction and are also key providers of home mortgage loans. In Colorado, we are facing a housing affordability problem, and S.2155 will positively contribute to alleviating the constraints we face. We urge the Senate to promptly pass this important banking reform bill.”