Committees play a crucial role in the success of community associations, offering valuable support to both board members and community managers. When boards and committees have defined roles and responsibilities, communicate well, and schedule special appreciation events for volunteers, communities thrive.
Committees are a vital part of community associations and can be of great value to board members and community managers. Here are a few tips that can create an environment of mutual respect and collaboration and ensure committee success.
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.
The Highlands Ranch Community Association, a master planned community of more than 32,000 homes and 2,000 commercial venues in the Denver suburbs, prides itself on governance and service for its more than 100,000 residents. That dedication recently earned the community the CAI Rocky Mountain Chapter association of the year award.
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.
