A carefully written investment policy should keep community associations on a straight and narrow path, say professionals who advise them. At Ford’s Colony Homeowners Association, a 2,600-home community in Williamsburg, Va., a finance committee of volunteers uses an investment policy to advise the board.
As we mark the third anniversary of the Champlain Towers South tragedy in Surfside, Fla., CAI honors the memory of the victims and reiterates its commitment to promoting safety and resilience within community associations. CAI remains dedicated to providing education, resources, and support to community associations to protect the lives, well-being, and investments of all community residents.
When the Champlain Tower South condominium in Surfside, Fla., partially collapsed three years ago this month, Daniel Gonzalez was in bed just an hour away in Boca Raton. His immediate reaction was to commission a structural inspection on their nearly 50-year-old building. Gonzalez advises managers and boards facing the recertification process to be hypervigilant about structural maintenance.
Community association managers wear many hats and must be well versed in a wide range of skills, all of which are equally important. One component of a manager’s role is to completely understand the financial management aspects of a business. This means knowing and interpreting the financial pieces as well as the nuances that come along with decisions.
This year, the Ungated blog published 50 posts—a fitting number for celebrating CAI’s 50th anniversary. Revisit the top five most read posts in 2023, and look for more content relevant to community association leaders and residents in the new year.
