Housing affordability crisis made worse by oversupply of expensive condo HOA homes

By Deborah Goonan, Independent American Communities Can we make housing more affordable in U.S. cities simply by building more homes? Home builder lobbies and research think tanks, such as Urban Land Institute, say, yes. The only way to make housing more affordable, is to increase supply. But opponents of new development argue that decades of development planning has only created more density, less livable cities, and housing that’s more expensive than ever. Who’s right? Who’s Continue ReadingHousing affordability crisis made worse by oversupply of expensive condo HOA homes

HOA condo legislation updates (CO, HI, IA, TX, MI, May 2019)

Law legislative legislature forum

By Deborah Goonan, Independent American Communities Selected highlights of legislation. Subjects: HOA manager licensing (Colorado); proxies in condo association elections (Hawaii); construction defects “right to cure” (Iowa); MRTA changes and HOA lien status in tax sale foreclosures (Michigan); limiting the HOA developer control period (Texas). Colorado HOA, condo manager licensing statute extended In May, the Governor approved HB19-1212, which extends the sunset date for HOA management licensing through August 31, 2020. Stan Hrincevich of the Continue ReadingHOA condo legislation updates (CO, HI, IA, TX, MI, May 2019)

HOA, condo & co-op Legislation Highlights (Feb. 2019 – Part 1)

Gavel and legal books lawsuit court

By Deborah Goonan, Independent American Communities Highlights of new and pending state legislation as of Feb. 2019. State laws featured from: CO, FL, HI, and NH. Colorado New real estate sales forms reflect stricter disclosure requirements Colorado Real Estate Commission approved a new Contract to Buy and Sell Real Estate (Residential) effective January 1, 2019 (“Buy Sell Contract”) to comply with tighter home buyer disclosure requirements of the Colorado Common Interest Ownership Act. State law Continue ReadingHOA, condo & co-op Legislation Highlights (Feb. 2019 – Part 1)

Time to improve fire safety for condo residents

By Deborah Goonan, Independent American Communities With multiple households living in close proximity, fire safety is more important than ever. But for more than a decade, the real estate industry has delayed action to improve fire safety for condo residents. Here it is, just halfway through the month of December, with  a half dozen reports of condominium fires. (See links below) While the cause of several of those recent fires is not yet known, careless Continue ReadingTime to improve fire safety for condo residents