The COVID-19 pandemic has had an immediate and devastating effect on the U.S. job market and labor force. So far, community association managers have been protected from layoffs and furloughs as they provide essential services to clients.
The COVID-19 pandemic likely has caused additional of stress for community association leaders, making it important to prioritize emotional well-being in addition to physical health.
Nearly 75% of community association board members express being “confident” or “very confident” regarding the current budget, though almost half expect assessment delinquencies to increase in 2020, according to a CAI survey conducted in late April.
Whether you’re delivering meals, collecting donations, grocery shopping for an elderly resident, or calling to check on a quarantined neighbor, every act of kindness helps during these challenging times.
As the COVID-19 coronavirus continues its rapid spread across the world, community associations should take preventative measures to minimize impacts to health and maintain continuity of association operations.