CAI filed an amicus brief this month supporting high court review of a case that seeks to repeal the Corporate Transparency Act. This is the latest move CAI has taken to protect community associations from a law it believes imposes burdensome and unnecessary requirements. Here’s what you need to know now.
When my wife and I moved into our community association, I was simply excited to be part of a new building. As I got to know my neighbors, attended board meetings, and saw how deeply people cared, I realized how meaningful it would be for me to help guide our community transition from developer control to homeowner-led governance.
In a unanimous decision, the U.S. Court of Appeals for the 11th Circuit reversed and remanded a lower court’s stay of the Corporate Transparency Act. This decision lifts the order blocking enforcement of the act issued by a district court in March 2024 that paused all reporting requirements. Despite the court ruling, community associations can continue to ignore the act’s requirements to report beneficial ownership information to the Treasury Department’s Financial Crimes Enforcement Network.
Community associations develop and nurture many partnerships over the years, but seasoned professionals and volunteers say the relationship between an association and its management company is arguably the most significant.
In the wake of the devastating Texas floods that ravaged Kerr County and parts of the Texas Hill Country in July, the Paloma Lake community and FirstService Residential sprang into action to help. While none of our residents or communities sustained direct damage, in moments like these, we are all neighbors.
