Serving on the board of directors of a co-op, condo, or HOA can be a daunting undertaking, but there are numerous resources available to get new members up to speed and to inform seasoned members of the latest products, services, laws, and …
There are plenty of reasons why many co-op, condo, and HOA residents would rather cross the street than talk about serving on their board. Maybe it’s the time demand—or maybe they have concerns about liability. Maybe it’s good old-fashioned…
A current bill working its way through Congress would correct a gap in the way the Federal Emergency Management Agency (FEMA) delivers recovery assistance in the wake of natural disasters. Sponsored by Reps. David Rouzer (R-N.C.), Jerrold N…
In addition to their boards, common interest communities are governed by a set of foundational documents. In a condominium, those documents are the declaration and bylaws; co-ops also have bylaws, as well as a unique document called a propr…
According to a recent announcement by Sen. Bob Casey (D-Penn.), chairman of the U.S. Senate Special Committee on Aging, by 2060 one in four Americans will be over the age of 65, and two in five adults over 65 live with a disability. In …
According to a recent investigative piece by the Orange County (Florida) Register , Fannie Mae is keeping a secret “blacklist” of condominium, HOA and cooperative properties which the federal agency has decreed that lenders should st…
Among the keys to successful governance of residential communities is continuity. The most basic of democratically elected units, co-op, condo, and HOA boards are the custodians of their community’s welfare, success, and continued operatio…
Community association board members are usually volunteers - and most are not financial experts or accounting professionals. Even with the best of intentions, this lack of experience can lead to some common - and costly - mistakes. This pan…
Like everyone else, condos and HOAs are struggling with high inflation. Costs for everything from regular maintenance, repairs, and supplies to interest rates and borrowing for capital projects are up, as are labor and management costs. Res…
The funding recommendations of reserve studies can be a daunting amount at times. While everyone seems to dread the need to increase reserve contributions, we’ll look at what options exist for Associations to cover these needs. Specifically…