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.
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.
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.
Managers who earn CAI’s Association Management Specialist (AMS) designation demonstrate a higher level of commitment to their career and the community association industry. Kimberly Anne Mosey, CMCA, AMS, a community association manager with KC Property Services in Huntington Woods, Mich., recently became the 11,000th person to earn the AMS designation.
Aging condominium buildings and infrastructure has been a growing concern over the past year, following the tragic partial building collapse at Champlain Towers South Condominium Association in Surfside, Fla., in June 2021. Learn more about condo safety legislation, laws, and regulations, and how CAI is advocating for sensible public policy.