Reserve studies and funds have been receiving an increasing focus in community associations since the tragic collapse of Champlain Towers South in 2021. These multiyear plans anticipate and responsibly provide for ongoing preventive maintenance, periodic structural inspections, and the timely repair and replacement of community components such as roofs, sidewalks, lighting, air conditioning, and more.  For years, the Westberry Homeowners Association in McLean, Va., routinely parked its reserve funds in a simple bank account to cover repairs, maintenance, and replacement of its common areas and components. Board members broke with tradition this year — but not radically so.    Read the article…………………………….