Can the board apply for financing of renovations?

Q: Our condominium is about to undertake renovations and the membership cannot stomach a significant special assessment to pay for the renovations. The board is considering a line of credit to finance the renovations. I recognize that the financing will make it easier for owners to pay for the improvements, but I do not want to pay any interest. Can this be avoided?     Read the Q&A…………..


Related Articles

Drug-plagued and condemned, Blossom Park condos may close

Blossom Park Condominiums, the former Days Inn Motel that has been linked to more than half of the county’s heroin

Innlet condo association sues Dream Finders to stop construction (FL)

The Innlet at Ponte Vedra Condominium Association has filed a lawsuit against Dream Finders Homes, asking the court to force

Is board extorting us with new fees?

Q: All owners in our homeowners association received a demand notice citing “the community’s covenants regarding mandatory reserve funding.” This