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.