HOA documents generally state a maximum HOA fee that can be raised no more than the CPI unless owners vote a higher fee by a substantial margin--like 2/3 of those voting or an absolute 51% of all owners. The law of affirmative covenants requires a…
If you have control in setting up the association, and there is sufficient size (1000 units or more), then setting fees as a percentage of property tax valuation can create equity among different housing types (SF, TH, condo) and relieve pressure,…
There is a slide and video at www.csi.coop. CSI does zero equity co-ops for low income seniors, using the 202 program.
There is a video at www.ncbcapitalimpact.org click on publications and then housing and the Going Home publication which…
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National expert on condominiums, cooperatives and planned communities. I have conducted extensive training for low income housing co-op boards and tenants seeking to self convert their building. I have been a reviewer for the Treasury Dept of applications for the New Markets Tax Credit for the last 3 rounds. Former Sr Staff VP, Community Associations Institute; former Executive Director, Natl Assn of Housing Cooperatives. Currently Executive Director of the Association for Conflict Resolution.
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