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.
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).
The Highlands Ranch Community Association, a master planned community of more than 32,000 homes and 2,000 commercial venues in the Denver suburbs, prides itself on governance and service for its more than 100,000 residents. That dedication recently earned the community the CAI Rocky Mountain Chapter association of the year award.
It’s natural for community association board members and managers to be concerned for older residents who start displaying signs of failing health, confusion, hoarding, and other erratic behaviors. Balancing the well-being of the community and that of an individual resident can be very challenging. Here’s how to develop policies that protect your residents and community.
The baby boomer generation comprises an estimated 74.1 million Americans born between 1946 and 1964. Learn how a little compassion, ingenuity, and knowledge, can help older adults in your community age in place—comfortably and securely for as long as possible.