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.
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.
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.
As electric vehicle adoption continues to rise in the U.S., community associations must prepare to accommodate the trend by considering plans for paying for, servicing, and administering stations, as well as safety and logistical factors.
