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HOA’s Taking a Hit!

HOA’s Taking a Hit!
Community Associations Deeply Affected by Economic, Housing Slump This week the Community Associations Institute (CAI) released the results of a national survey of community associations from around the country. The results of the survey indicate homeowner and condo associations are facing the same financial struggles as most americans. The HOA’s are being forced in some instances to make tough decisions. The survey revealed that 45% of the 310,000 of the associations in the US are grappling with financial issues as a result of the economic downturn and foreclosure crisis. According to the...
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