Investment of Condominium Association Funds Warrants Caution

Question: I am a member of my condominium association’s board of directors. Recently, we were discussing how the association’s reserve funds should be invested. Historically, we have kept the association reserve funds in savings accounts and CDs, which are fully insured. However, the returns on these accounts have been minimal. Certain members of the association are insisting that the association diversify how the reserve funds are invested, including investing in the stock market. Is this appropriate for a condominium association?  Read the Q&A……………


Related Articles

Is one of Tampa Bay’s premier condo towers sinking? (FL)

The Plaza condo association is embroiled in a lawsuit alleging that the 20-story, 144-unit tower built in 2007 is plagued

DR Horton found negligent in Jax condo case, jury awards $9.6 million

After a day and a half of deliberations, a jury has found the developer of the Heron’s Landing negligent and

Condos Must Reserve To Preserve — And Get Loans

The recent front page Washington Post article on the financial problems condominiums are facing prompted me to write this column