Fannie Mae and Freddie Mac: New lender requirements take effect
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.
Disaster preparations: Hurricanes Hilary and Idalia remind communities to be ready
The past few weeks have brought multiple natural disasters to several parts of the U.S. Last week, tropical storm Hilary’s unprecedented landfall brought powerful winds and heavy rains, reminding community association leaders to evaluate their disaster preparations.
Communication counts: Developing a collections policy for community assessments
Collections policies help ensure that all owners are treated equally and are contributing fairly. Simplify the process by following this general framework for a collections policy.
Tragedy in paradise: Maui wildfires impacting community associations, CAI members
The Maui wildfires that tore through the historic town of Lahaina last week have become the deadliest in modern U.S. history, killing more than 100 people, reports The Washington Post. Homes, condominiums, schools, and businesses were reduced to rubble by the fast-moving inferno.
Party on: Tips for successful community activities and events
Community association activities and events build connections, strengthen relationships with neighbors, and are a lot of fun. From the small to the extravagant, good community activities and events require planning, flexibility, and communication. Party on with these tips.
TradeMark Condominium: Cohesion and community at Charlotte high-rise
The TradeMark Condominium, a 28-story, high-rise community evokes a warm, inviting, and family-like atmosphere that belies its location and exterior. Together, the management, leadership, and residents of TradeMark have created and nurtured an excellent example of what a community association strives to be.
Award winning: Ungated, CAI publications recognized for excellence
CAI is proud to be recognized with four EXCEL Awards by Association Media & Publishing, a premier membership organization serving the needs of association publishers, communication professionals, and designers. CAI has earned at least one EXCEL Award nearly every year for the past 16 years.
Laying it bare: Simplifying property insurance
Quite recently, two of the largest residential property insurance companies announced major cutbacks in California, and many HOAs are now experiencing skyrocketing property insurance rates. Here are some tips to simplify your property insurance with a “bare walls” approach.
Member milestone: CAI surpasses 45,000
CAI is proud to announce it has surpassed the 45,000-member milestone while celebrating the organization’s 50th anniversary. CAI has added 2,000 members over the past year. This month, 827 new members joined the organization, and more than 80% of members renewed. CAI has grown by 10,000 members since 2018.
Electric charge: Where will community homeowners plug in?
Community associations need to prepare for electric vehicles as more drivers bring them home and expect to plug in. Board members and managers can plan to either provide charging stations as an amenity or offer residents guidelines to install their own.
