by Joni Lucas | Feb 9, 2024 | Advocacy, Community Associations
Community associations must take seriously new mandatory filing requirements under the Corporate Transparency Act, legal experts advise. Existing community associations must comply with the law’s reporting requirements by Jan. 1, 2025. New community associations have 30 days after incorporation to file. Information also must be updated following changes in governance such as the election of directors.
by Guest Author | Feb 2, 2024 | Advocacy, Community Associations
Happy homeowners need to speak up about their community association experiences, particularly when legislative updates are being considered. We have a voice that matters in the process. Learn how to use it.
by Dawn Bauman, CAE | Dec 12, 2023 | Advocacy, Community Associations
Freddie Mac took a giant step toward transparency last week when it announced sweeping changes to its condominium and housing cooperative financing system. The government-sponsored enterprise that underwrites mortgages is introducing a tool that indicates whether a community is “certified” for financing or “not eligible”—and providing guidance that explains why a community may not be eligible.
by Guest Author | Nov 1, 2023 | Advocacy, CAI, Community Associations
If an association installs a charging station meant to be shared, it may need to create rules or regulations governing access to it. Rules could include things like who can use charging stations, when, and for how long.
by Hazel Siff | Oct 12, 2023 | Advocacy, Community Associations
California’s “balcony bill,” SB 721, requires balcony inspections within all multifamily residential buildings containing three or more dwelling units no later than Jan. 1, 2025. David Swedelson, founding senior partner at Swedelson Gottlieb firm, provides details to help communities prepare for and transition to these new requirements.
by Dawn Bauman, CAE | Sep 12, 2023 | Advocacy, CAI, Community Associations
In July, Fannie Mae and Freddie Mac released updates to project eligibility standards for condominiums and housing cooperatives. It is critically important for condominium and housing cooperative projects to have access to loans that will meet Fannie Mae and Freddie Mac qualifications. CAI continues to provide specific feedback regarding the requirements.