by Daniel Brannigan | Jul 13, 2023 | CAI, Community Associations
Community associations should incorporate preventive maintenance and structural inspections into their reserve studies—the important budget planning tools that identify the components a community association is responsible for maintaining or replacing, indicate the status of the reserve fund, and provide a stable and equitable funding plan to offset anticipated future major common area expenditures. The recommendations are part of new Reserve Study Standards released by Community Associations Institute (CAI), the leading international authority on community association governance, management, and education.
by Tom Skiba | Jun 24, 2023 | CAI, Community Associations
Today marks the two-year anniversary of the partial collapse of the Champlain Towers South Condominium in Surfside, Fla. The tragedy took 98 lives. CAI honors those who lost their lives, the loved ones of the victims, and the survivors who lost their home and neighbors.
by Tom Skiba, Dawn Bauman, CAE | Jun 22, 2023 | CAI, Community Associations
The partial collapse of Champlain Towers South condominium in Surfside, Fla., on June 24, 2021, killed 98 people and is considered one of the worst building disasters in U.S. history. The tragedy spurred CAI into action, galvanizing members and staff around condo safety. Over the past two years, CAI has educated community association residents, board members, managers, business partners, legislators, and regulators about structurally sound and fiscally responsible communities.
by Dawn Bauman, CAE | Jul 15, 2022 | Advocacy, CAI
Federal legislation was introduced earlier this week to provide condominium associations access to insured building rehabilitation loans—a move that would help board members make critical structural and safety-based condo repairs.
by Dawn Bauman, CAE | Nov 4, 2021 | Advocacy, CAI
In the months following the condominium collapse in Surfside, Fla., CAI convened community association leaders, experts, and key stakeholders to identify public policy recommendations for reserve studies and funding, building maintenance, and structural integrity.
