Articles
Required Reserve Funding ā€“ Is there a Standard? Can We Fund With Transfer Fees? Can We Spend Reserve Funds on Insurance?
Nov 19, 2024
Continue Reading...
By Kelly G. Richardson, Esq., CCAL, HOA Homefront Column
Mr. Richardson – Our HOA reserves for replacement are severely underfunded. The board recognizes...
What If Our Reserves Are Zero?
Jun 25, 2023
Continue Reading...
By Kelly G. Richardson, Esq.
Dear Kelly: What happens if the reserves go to zero? What is insolvency? B.E., Tarzana
Dear B.E.: HOAs which fail to set aside money in their...
Reader Questions: How Should We Invest HOA Funds?
Dec 06, 2021
Continue Reading...
By Kelly G. Richardson, Esq. CCAL
Mr. Richardson: HOAs face a financial issue with interest rates so low. My HOA and the vast majority of other HOAs play it safe with CDs...