Corporate Transparency Act: Sweeping federal law requires community compliance

Corporate Transparency Act: Sweeping federal law requires community compliance

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.

New communities: Condominiums, homeowners associations to see continued growth in 2024

New communities: Condominiums, homeowners associations to see continued growth in 2024

Since the 1970s, community associations have been a popular housing choice for people around the world—and the number of new condominium communities and homeowners associations is expected to increase by more than 3,000 in 2024, according to projections by the Foundation for Community Association Research, an affiliate organization of Community Associations Institute (CAI). 

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