Welcome home? New FHA process could make condos available to more buyers
New guidelines issued by the U.S. Department of Housing and Urban Development will allow more condominium units to be eligible for mortgages insured by the Federal Housing Administration—making homeownership more attainable for first-time buyers.
Common courtesy: How to promote civility in community associations
The erosion of civility in our society has begun to manifest itself in private residential communities. This comes in many forms—from rudeness and disruptive behavior at meetings to more dangerous and escalating actions. It’s time for community association boards to send a message that uncivil behavior won’t be tolerated.
Passing the torch: Why succession planning is essential for community association professionals
As the growing community association management industry is witnessing a changing of the guard, its pioneers are looking for ways to successfully pass the torch to the next generation of leaders.
Frost Fight: Brace your community for winter
Snow lovers might be shivering with anticipation, but it’s important that community associations encourage residents to winterize their homes before the brunt of the season hits.
Adding on: Homeowners building more accessory dwelling units
Remodeling projects to create ADUs may be increasing due the lack of affordable housing in expensive metropolitan areas, a reduced rate of housing production, and increased doubled-up households, the National Association of Home Builders finds.
Now hiring: Employment growth projected for community managers
Community association management is becoming a sought-out career with growth for new hires expected in the coming decade, according to the U.S. Bureau of Labor Statistics.
Aging America: How older adults hope to age in place
More and more, older adults favor aging in place, preferring to remain active and independent beyond middle age while still having access to transportation options and healthcare services they can use as their needs change.
Be ready: How to prepare your community for a natural disaster
As natural disasters become more frequent and destructive, it’s important that community associations adopt a comprehensive plan to prepare, respond, and recover from these extreme weather events.
A place to call home: Americans favor homeownership over renting
Despite a competitive housing market and current concerns about housing affordability, 70% of Americans still see owning a home as a clear sign of success in adulthood, according to Wells Fargo’s 2019 “How America Views Homeownership” survey.
Safeguarding finances: 9 steps to prevent fraud and embezzlement in your HOA
Community associations fall victim to theft and embezzlement too frequently. Board members should know the warning signs and institute preventive measures before the community is left with a difficult recovery.
