Condo ownership not so affordable in Darien (CT)

piggy_bank-affordable-housing

By Deborah Goonan, Independent American Communities According to an article in Darien News, owners of 30 units at Clock Hill Condominiums can barely afford to pay their condo and land lease fees, as they struggle to maintain their common property. Condo owners pay $70 per month to lease land from the City of Darien, and an extra $300 per month in condo association fees for maintenance. Most of the residents are living on Social Security Continue ReadingCondo ownership not so affordable in Darien (CT)

Advertisements

CT: Taxpayers could help pay for defective crumbling foundations of HOA homes, condos

By Deborah Goonan, Independent American Communities Today’s post is an update on a serious problem for homeowners in Connecticut — what to do about their crumbling foundations. The problem is widespread in the state, affecting thousands of homes with concrete foundations that were poured in the mid-1980s-1998 by contractors supplied by J.J. Mottes Concrete Company. According to state’s construction experts, the cause of foundation failures is traced to the presence of a mineral in the concrete Continue ReadingCT: Taxpayers could help pay for defective crumbling foundations of HOA homes, condos