Fannie Mae and Freddie Mac recently made changes to their lending requirements for condominiums in vacation areas and resort-like communities, but the process may be opaque and difficult to dispute by a homeowners association and its residents.
Every community association requires a set of governing documents to provide its legal framework and operation. CAI has a new resource to help attorneys, board members, and community managers when drafting or amending provisions that govern a community.
As the vaccination rollout continues, many community association board members, managers, and professional business partners are wondering what comes next. Will amenities reopen? Will virtual meetings continue? When can we hold in-person events again? Can more employees work on-site now?
Community associations switched to virtual meetings early in the pandemic to ensure continuity in operations—which has brought flexibility to boards and managers and led to higher attendance from residents.