Can My HOA Board Spend Money on Whatever It Wants? (NY)

/ Owner - February 22, 2025

Q: Our homeowners association on Long Island has decided unilaterally to take out a seven-figure loan to revamp the recreational facilities. To repay it, the board is diverting our annual assessments away from their intended purpose of funding reserves to repair crumbling roads and curbs. We haven’t asked for these projects, and did not receive anything in writing about them.    Read the Q&A………………………………..

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