Affordable Housing
I think we need town meetings to fully discuss the pro and cons of HOA boards and residents rights. In a nutshell here are a few of my concerns:
1. Reserve studies and how HOA boards may spend the money to have them completed but do they do anything with the studies?
2. Ongoing education for HOA board members as well as HOA Boards providing ongoing education for their communities.
3. In addition to board meetings it should be required for HOA Boards to have at least quarterly communication with their residents via email or if that is not available mail quarterly newsletters.
4. We have a Master HOA and a Condo HOA board which we pay dues to both HOA's. Our HOA is approximately 30 years old and I have lived here for 6 years. The last few years our dues for both HOA's have went up. This to me is unsustainable and their needs to be an easier legal way to get out of the master HOA.
5. Insurance premium's for the HOA continue to go up and in order to keep this affordable HOA increase their deductible which continues to impact their bottom line.
I would love to spend time with the task force to work on alternatives that might be available to HOA residents.
Thank you for visiting the community engagement tool for the HOA Homeowners’ Rights Task Force.
Pursuant to HB23-1105, this project has now concluded. On behalf of the Department of Regulatory Agencies and the Division of Real Estate, thank you for your interest and participation.