Comment on New HOA/Condo Guidance!

Picture of River Towers After Collapse

The well-publicized partial collapse of River Towers Condominium in Belleview brought to my attention the lack of attention to property maintenance and inadequate capital reserve funds in homeowners associations. 

Last year, the General Assembly passed one bill requiring homeowners associations and condo associations to publish their budgets to their members and provide more transparency about the status of reserve funds.


Here are the bill we passed:

SB1538 - Annual HOA Budget and Capital Component Reserves

The Virginia Common Interest Community Board is currently collecting comments to create guidance to all associations in Virginia pursuant to legislation. 

I have created an online survey that you can use to provide comments that I will then transmit to the Board so they can be considered before they finalize their guidance.  You can also provide me with general feedback about whether any other reforms are needed for homeowner and condo associations in Virginia.

Here is the survey: