Homeowners associations (HOAs) play a critical role in managing and maintaining the common areas and amenities that enhance the quality of life for residents in communities across the United States. One of the key responsibilities of an HOA board is to ensure the association has adequate reserve funds to cover the future repair and replacement costs of major components, such as roofs, paving, and pools. Achieving a reserve fund that is at least 70% funded is considered a benchmark for financial health    Read the article…………………………….