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January Survey Results
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For Board Members only: Considering your management company's performance in 2004, did your association:
Pay too much in management fees? 50%
Pay the right amount? 17%
Pay too little? 33%
For Managers Only: On average, how would you rate the performance of your boards in 2004?
A 50%
B 0%
C 33%
D 0%
F 17%
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Homeowners Do Have A Right To Know...
We have received numerous emails asking for Orten & Hindman’s position on the recently introduced “homeowner rights” bill, Senate Bill 100. This bill, sponsored by Sen. Bob Hagedorn (D-Aurora), is an attempt to give homeowners more rights within their respective associations. Although we disagree with many of the provisions that the bill contains, we do agree that action must be taken to deal with the issue of increased conflict between homeowner associations and their owners. However, SB 100, in its current form, is not the answer.
[FULL STORY]
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Update on SB 100
Committee Hearing Will Be Held On February 9, 2005
SB 100 will have its first hearing before the State, Veterans and Military Affairs Committee on Wednesday, February 9 at 1:30 pm on the 3rd floor in the Capitol. The hearing is open to the public and anyone interested can attend and testify.
[FULL STORY]
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HUD Proposes Mandatory Escrow of Community Association Assessments for FHA-Insured Mortgages
CAI Lends Proposed Rule Conditional Support
The Department of Housing and Urban Development (“HUD”) recently proposed an amendment to the federal regulation governing the single family mortgage insurance program of the Federal Housing Administration (“FHA”) that would “require mortgagees of FHA-insured mortgages…to collect as part of the monthly mortgage payment an escrow of the amounts necessary for the payment of these fees when they become due.”
[FULL STORY]
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CAI Revises Dues Structure for Association Volunteers
The Community Associations Institute (CAI) is overhauling its dues structure to make membership benefits more readily accessible to association volunteers.
[FULL STORY]
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The University
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Upcoming Classes:
School of Association Leadership
BOD 101-Success Basics for Board Members
Fort Collins Office:
February 17, 6:00pm - 9:15pm
BOD 201-Developing Enforceable Rules
Wheat Ridge Office:
February 24, 6:00pm - 9:15pm
Click here to register
Manager Lunch Forums
Owner's Insurance Obligations
(offered at no charge)
Wheat Ridge Office:
March 3, 12:00pm - 1:30pm
Click here to register
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Community Associations Institute
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The Community Associations Institute (CAI) is a nonprofit organization that provides education and resources to community associations. To find out more about CAI visit www.caionline.org
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