IAC Housing Policy News Links June 2016

Shared By Deborah Goonan, Independent American Communities A collection of important news affecting federal and state housing policy, as well as legislative reform for Common Interest and Association Governed Housing.   Construction Defect Debate to be Heard by Colorado Supreme Court 6/23/2016 by Amy Hansen, Richard Murray, Ryan Warren | Polsinelli The construction defects case of …

Timber Oaks, Pasco County to replace golf course with retention ponds

By Deborah Goonan, Independent American Communities Have you ever heard of a Municipal Service Benefit Unit* (MSBU)? It's a type of special tax district, created in the state of Florida, to provide certain municipal services to unincorporated areas. The MSBU is created by resolution of County Commissioners, following an open hearing where property owners can provide …

Agrihood: HOA with a working farm

By Deborah Goonan, Independent American Communities   There's a new trend in sustainable urban development sparked by the Farm-to-Table movement: the Agrihood. It is characterized by a dense clusters of homes surrounding a working organic farm set on 100 - 300 acres. The farm is professionally managed, and homeowners support the farm through a CSA …

Miami condo, home sales bubble about to burst

By Deborah Goonan, Independent American Communities Let's face it. Florida is a boom-or-bust, volatile real estate market. And Miami is at the center of it. Investing in a home or condo in most of the Sunshine State, but particularly South Florida, is not for the faint of heart. According to several reports, and based upon …

$9.6M awarded to Jacksonville condo owners

By Deborah Goonan, Independent American Communities On the heels of yesterday's blog, Condos: Affordability or quality construction. You can't have both comes a report of a Landmark construction defect lawsuit in Jacsksonville, Florida.   DR Horton negligent in Jax condo case, jury awards $9.6 million (First Coast News Video and transcript) Highlights: Heron's Landing property manager …

CAI to “enlighten” developers of Association Governed housing

By Deborah Goonan, Independent American Communities Today's blog offers continuing commentary on Community Association Institute's vision for common interest housing development in the U.S. Last week's blog focused on the fact that CAI thinks that homeowners and residents in Association Governed Developments are ill-equipped to take care of their properties and their community, and therefore, …

Should HOA Assessment payments impact credit score?

By Deborah Goonan, Independent American Communities This week, Sperlonga - a data analytics firm - announced its intention to team up with Equifax on tracking payments of assessments to Association-Governed Developments such as homeowners, condominium, and cooperative associations. You can read some recent news releases here: Your HOA Payments May Now Affect Your Credit Score Sperlonga, Equifax …

FL: Mattamy Homes builds empire, Vengroff’s affordable housing on hold

By Deborah Goonan, Independent American Communities Today's Florida real estate highlights are mind boggling. They clearly illustrate the massive political influence of real estate developers. And that's not necessarily a good thing. In Southwest Florida, Canadian mega developer Mattamy Homes' latest plans include construction of 400 homes on the former Sunrise Golf course. Mattamy is …

HOA theft, fraud, and embezzlement roundup (May 2016)

By Deborah Goonan, Independent American Communities     Woman suspected of defrauding homeowners association Former bookkeeper of Kingsland Ocala Waterway Homeowners Association (FL), Debby Lee Underwood, was recently arrested for fraud. She is accused of stealing more than $11,000 from 2010-2014, and of falsifying bank deposit slips. Financial discrepancies were discovered by the association's new office …

Market research suggests HOA living, amenities are unpopular

By Deborah Goonan, Independent American Communities National Association of Homebuilders (NAHB) has just released additional market research information on home buyer preferences for neighborhood types and availability of amenities. The September 2015 study also compares buyer preferences by generation. The following news release suggests, once again, that the majority of homebuyers tend not to prefer many …