Florida is facing a condominium crisis and it’s one that community association board members can’t afford to ignore.

While condos have traditionally been seen as an affordable path to homeownership, rising costs and regulatory pressure are having ripple effects across communities. Owners, especially those who are retired or on fixed incomes, are struggling to keep up … Read More ›

Condominium, homeowners (HOA), and townhome community associations occasionally rely on loans to fund significant capital improvements and property renovations. These loans can help associations undertake major community projects, such as:

Repairing roofs
Resurfacing parking lots
Replacing elevators
Upgrading clubhouses and swimming pools

Loans are an alternative to other funding methods, such as increasing regular assessments, imposing special assessments, or depleting … Read More ›

Terminating a condominium is a significant decision for any Florida condominium community association. This process has evolved through a series of legislative amendments, aimed at balancing the needs of property owners, condo associations, and public safety.

Condominium Termination Factors

In recent years, interest in terminating older condominiums has grown, especially as condo buildings age and repair costs … Read More ›

Recent Florida legislation (HB1029 and SB1366) established the My Safe Florida Condominium Pilot Program designed to enhance the resilience of condominiums against hurricanes.

The program provides licensed inspectors, grants, and guidelines for hurricane mitigation projects funded by $30 million in state funds. The My Safe Florida Condominium Pilot Program became effective on July 1, 2024. As … Read More ›