Why a Loan is (Sometimes) a Good Idea for Your Homeowners Association

Your association board is planning for the big project on the horizon, and is currently reviewing how to finance it. For several reasons, you don’t believe you’ll have enough funds in the association’s operating budget or reserves to cover the project’s entire bill. What should you do? Split the project up over several years, levy a special assessment, or maybe get a loan?    Read the article………


Tags assigned to this article:
condoHOAloan

Related Articles

Regulating Vicious Breeds Of Pets Not Uncommon in HOAs

Question: I am a tenant in a community with a homeowners’ association. The association’s recorded documents say that each home

Dealing with Bad Debt in Community Associations

Occasionally, homeowners can’t or simply don’t pay. When that happens, you do have options, but even with a lien, there

Yea or Nay to Dogs in the HOA?

I was recently condo hunting in a nearby city. I found an awesome high-rise. It was a converted grain elevator