Passing the buck: development tax districts, HOA fees make housing unaffordable

American-tax-double-HOA

Two recent investigative reports — one in Colorado and the other in Texas — shed light on a growing financial hardship for U.S. homeowners: developer-controlled special development tax districts. By Deborah Goonan, Independent American Communities On IAC, you can read thousands of posts documenting widespread dysfunction in HOA-governed common interest communities. But IAC also been follows reports of development districts set up to pay for infrastructure in new residential and mixed use planned communities. More often than Continue ReadingPassing the buck: development tax districts, HOA fees make housing unaffordable

HOA, condo & co-op corruption and fraud roundup (Nov 2019)

Arrest handcuff fraud theft

By Deborah Goonan, Independent American Communities Debgoonan@icloud.com This month: several property managers and HOA treasurers accused of embezzlement; defendant says alcoholism played a role in his HOA thefts; sentencing of former Colorado and Virginia HOA managers and an Iowa board treasurer; owners in a Washington HOA to pay higher fees as a result of embezzlement. Colorado Former HOA Administrator gets maximum 7 years in prison for violation of public trust Earlier this month, Chief Judge Continue ReadingHOA, condo & co-op corruption and fraud roundup (Nov 2019)

Dysfunction in HOA-ville USA (November 2019)

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By Deborah Goonan, Independent American Communities debgoonan@icloud.com Today’s HOA news roundup highlights a persistent pattern of negligent HOAs and bitter conflict between owner-occupants and investor-owners. Plus, an HOA attorney urges board members to regulate speech on social media. Colorado Why did it take 6 months for this HOA to repair this resident’s kitchen? Sometimes, a little intervention from your local TV investigative reporter gets your HOA to take action. Imagine living with an unusable kitchen Continue ReadingDysfunction in HOA-ville USA (November 2019)

HOA, condo, & co-op corruption and fraud roundup (Sept. 2019)

Arrest handcuff fraud theft

By Deborah Goonan, Independent American Communities debgoonan@icloud.com This month: HOA managers, administrators investigated for theft and embezzlement; allegations of political conflict of interest in Mississippi; and Delaware DOJ pursues real estate developer for deceptive marketing practices. Police investigation: $100,000 in “reimbursement” checks to former HOA manager (CA) Chula Vista police are investigating a former HOA manager for possible embezzlement of funds at Camelot at Eastlake Shores HOA. In an interview with Channel 10 News of Continue ReadingHOA, condo, & co-op corruption and fraud roundup (Sept. 2019)