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.
Freddie Mac took a giant step toward transparency last week when it announced sweeping changes to its condominium and housing cooperative financing system. The government-sponsored enterprise that underwrites mortgages is introducing a tool that indicates whether a community is “certified” for financing or “not eligible”—and providing guidance that explains why a community may not be eligible.
Over the past 50 years, CAI and its members have grappled with exciting, frustrating, and sometimes grueling issues. What challenges and opportunities await CAI over the next few years? We asked leaders in the industry to share their perspective.
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.
