by Dawn Bauman, CAE | May 23, 2024 | Advocacy, CAI, Community Associations
Community Associations Institute filed an amicus brief earlier this week in the United States Court of Appeals for the 11th Circuit challenging the constitutionality of the Corporate Transparency Act. Enacted by Congress in 2021, the act requires businesses, including community associations, to register with the Treasury Department’s Financial Crimes Enforcement Network. CAI supports the act’s intent to bolster transparency and counter money laundering and terrorist financing efforts but believes it should not apply to community associations.
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 | 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.
by Daniel Brannigan | May 2, 2023 | Advocacy, Community Associations, Government Affairs
Fannie Mae and Freddie Mac are compiling troubling blacklists that prohibit mortgage financing for entire condominium or housing cooperative buildings. As the blacklists grow, community managers and board members have no knowledge their buildings are on them. When people are unable to buy and sell units in these buildings, property values may be affected.
