With HOA costs surpassing their mortgage payments, owners of affordable housing appeal to City of Boulder (CO)

/ Owner - November 21, 2018

When Adam Perry got home one afternoon in August, he had a notice on the door from his homeowners’ association (HOA) announcing the roofs around the Iris Hollow condominium complex were in dire need of repair. The notice said, “there’s a special assessment coming and it’s going to substantially increase your dues,” Perry recalls. “I completely freaked out.” He bought the place in 2014 through the City of Boulder’s Permanently Affordable (PA) Home Program, and this was the second time he was being hit with a special assessment. The first was in 2017, for the outdoor, uncovered stairs; now the roof. Next, he’d heard, the stucco, and then repaving the parking lot.   Read the article………………….

Comments are closed.