A: The reserve fund is established so that the homeowners association (HOA) can build up money to offset the ongoing deterioration of common area components included in the HOA’s reserve study. If the ...
Q: Our HOA reserves for replacement are severely underfunded. The board recognizes this deficit and is working to catch up but it will take time to achieve a suitable reserves funding level. Does ...
OLYMPIA, Wash. — Gov. Bob Ferguson announced on Thursday that he directed the use of $623,000 from the strategic reserve account on an emergency basis to fix the access road to the Hoh Rain Forest in ...
Q: Last year after insurance skyrocketed, the HOA board borrowed from the reserves and then paid back the reserves with an assessment. We then learned that the board borrows from the reserves every ...
The housing director said HUD is taking money from local authorities’ Section 8 reserve accounts to shift the fund to places that have insufficient voucher money. PATERSON — The federal government has ...
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