I can’t tell you how many times I’ve attended an annual meeting or board meeting where the subject was money. More specifically, the association is in a bind and needs money now. And, while the board could consider a number of options such as annual assessment increases, special assessments, or funding the project with reserves,Go to Resource
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What Does CCIOA Require for Association Meetings that Your Community is Not Doing?
It is not uncommon for board members or managers of common interest communities to find themselves so focused on the current matters facing their communities that the bigger picture issues fall by the wayside. As most of our readers are keenly aware, the Colorado Common Interest Ownership Act (CCIOA) is the primary governing statutory schemeGo to Resource
When I arrived home after a 4.5-hour annual meeting of the owners this week, I sat and reflected over the last ten years and how these meetings have changed. On average, I attend 1.5 meetings a week—or about 75 meetings a year. Some are meetings of the owners, and some are meetings of the board. Go to Resource
Perhaps one of the more confusing concepts when it comes to HOAs is the difference between having an insurance obligation and having a maintenance obligation. In what particular circumstances do you apply each? It is precisely this confusion that often lands associations in hot water for either failing to submit insurance claims or requiring ownersGo to Resource
FHA Condominium Certifications: The Requirements and Prohibitions
Introduction The Federal Housing Administration (“FHA”) is a government-owned insurance company that insures home loans for buyers who cannot afford a conventional down payment or prefer to use their available funds in other ways. In other words, a FHA backed loan allows a home buyer to purchase the home with a smaller down payment thanGo to Resource