HOA's need oversight- some are not operating within the laws
Our HOA has passed Special Assessments for frivolous projects, claiming the projects were on the Reserve Study. After finally getting a copy of the said Reserve Study we saw that these projects were not on there.
The HOA management company would not answer questions from the homeowners and eventually the manager told me that the homeowners were misinformed. This was after they passed the vote for the Special Assessment, which was done illegally, counted the votes and supposed proxies out of view of the homeowners.
The projects were then "steered" to a certain contractor & they would not produce any competing bids upon request. We also requested bank statements, copies of payments to this contractor, etc. but the HOA will not show us these documents. They have also taken money out our reserves to pay this vendor because not all homeowners have paid the special assessment.
All of this and other issues have been reported to the Attorney General since July 2023 & we have not heard anything back from anyone. As someone else has submitted on here, there might be laws in place but who is going to hold these HOA's accountable & who will advocate for the homeowners??
All of our concerns have been dismissed at our community HOA meetings, which many of us have been attending. We need help & we need it now as they are just going to keep robbing us blind.
They are already trying to drastically increase our dues for 2024 because they took the money out of our reserves but will not show us the documentation.
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.