Reserves

Underfunded Reserves? How your Condominium Association Can Qualify for a Community Association Loan (MI)

Nearly 2 years after the Surfside collapse, the New York Times recently reported that a 35-unit condominium in North Bay…

1 year ago

HOA Capital Improvements: How to Plan and Budget for Them

Planning for capital improvements can be daunting for Homeowner Association (HOA) board members and HOA management. They need to balance…

1 year ago

Can the HOA Board Borrow Money from the Reserves? (CA)

Homeowners associations (HOAs) are organizations responsible for maintaining and managing common areas and amenities within a community. To accomplish their…

1 year ago

Exploring the psychology of reserve fund planning

There’s a psychology to reserve fund planning. It’s a mindset I’ve seen take shape within the condo management community throughout…

1 year ago

How to Build HOA Reserve Funds

As set forth in the governing documents of an association, the HOA must keep some money set aside for unforeseen…

1 year ago

Reserves and Reserve Funds in an Illinois Common Interest Community

Unexpected things happen in our daily lives, and sometimes those things happen in our home. It is great, if possible,…

1 year ago

Addressing the Ongoing Issue of Aging Infrastructure in HOAs (UT)

Nothing stays new. Over time, things age, including infrastructure, and HOAs need to be prepared for this. Many HOAs run…

1 year ago

Tips to improve your condo/HOA’s reserve fund

Roughly 26.6 $billion was collected for reserve funds from U.S. association members in 2021, reports the Foundation for Community Association…

1 year ago

Sample Reserve Investment Policy

Reserve Investment Policy For XYZ Homeowners Association.  For Fiscal Year 20XX.  Provided as a courtesy by Association Reserves.  Please customize…

1 year ago

A 50-year roof life? Did condo board make unwise declaration to skirt obligations? (FL)

Question: I live in a condo, and in November, when there was a regular budget approval meeting, the board approved…

1 year ago