By Deborah Goonan, Independent American Communities Updates on the status of the HOA super priority lien. In a post entitled Is the HOA Priority Lien necessary and beneficial? (June 9, 2016), I made the case against the HOA super priority lien as a tool for associations and real estate investors to extinguish or “wipe out” bank liens for first mortgages. Based upon documented facts provided in the article, I concluded that Community Association Institute’s (CAI) argument Continue ReadingBattle HOA for super priority lien supremacy continues
By Deborah Goonan, Independent American Communities Real estate developers figured out a long time ago how to exert political influence over government officials and housing policy makers, from the local to the federal levels. For the past three years, IAC has provided more than 1,000 posts citing thousands of references to prove a point: The U.S. housing market is not determined by public need or consumer demand, but instead is heavily influenced by interested Continue ReadingHOA Issue #11: Political influence of real estate developers: the heart of the HOA beast
By Deborah Goonan, Independent American Communities Do governments and private individuals spend affordable housing taxpayer dollars wisely? Critics say the industry is plagued by fraud and corruption. What exactly is “affordable housing?” How many times have you heard the industry claim that it’s essential to build condominiums in order to provide more affordable housing? Multiple meanings It depends on who is promoting affordability. Real estate agents and developers often sell home buyers on the concept that Continue ReadingExposing corruption in the affordable housing industry
By Deborah Goonan, Independent American Communities As explained in a previous post, in 2016, HUD published a rule that clarified that association-governed boards and their managing agents have legal duty to prevent housing discrimination in their communities. Some industry leaders, including members of trade group Community Associations Institute (CAI), expressed strong disapproval of the Quid Pro Quo/Hostile Environment Rule. Some professional were spreading misinformation, insisting that HUD expected homeowners, condominium, and cooperative association leaders to Continue ReadingCan your HOA end neighbor on neighbor housing discrimination?