Our office will be closed Monday, February 15th in honor of President’s Day.
Online access is available 24/7 – view account history, see payment options, download association documents and more.
Today We Honor Martin Luther King Jr.
It’s Budget Season!
Many associations’ fiscal year ends 12/31 and that means it’s time to start preparing next year’s budget. If your association has a 12/31 year end, your board members can expect to receive a proposed budget from your manager in the coming weeks. Your manager will use historical data, any notices from your contracted service providers, and guidance from professionals like insurance agents and reserve study specialists to provide the board with an accurate picture of what changes may be expected for next year’s finances. California Civil Code dictates many duties and responsibilities for the board regarding the approval and distribution of the budget along with annual disclosures. Your manager will guide the board every step of the way to help make sure the board is meeting their fiduciary duty and following civil code. Check out the Annual Budget page at Davis-Stirling.com for more information about the requirements for the annual budget.
Ask the Governor to Veto SB1265 TODAY!
SB1265 is a bad bill for Homeowners Associations and it’s about to hit Governor Jerry Brown’s desk. Take action now to ask him to veto SB1265. CAI’s California Legislative Action Committee (CLAC) makes it easy! Visit their “Current Campaigns” page to send a pre-drafted email to Governor Brown.
Then please call the governor’s office, follow CLAC’s easy instructions:
CALL THE GOVERNOR at 916-445-2841, choose option #6 to speak to a person, and then ask the staffer who picks up for a VETO on Senate Bill 1265. They will ask for you zip code. That’s it. It takes about 30-seconds to call!
View the text of the bill and see it’s progress here: SB 1265
Read more:
The Sacramento Bee – “California’s homeowner association elections are perfectly fair”
CAI Advocacy Summit
Nels Atha visited Capitol Hill to meet with the offices of some of California’s members of Congress to discuss federal legislation affecting community associations, including Representative Maxine Waters (CA 43rd District) and Senators Kamala Harris and Dianne Feinstein.
While the Davis-Sterling Act provides for the majority of legislation presiding over California community associations, federal housing legislation can have a very impactful influence on California communities. Taking the time to educate our legislators about what community associations are and how they function, as well as giving a voice to their constituents that belong to community associations, can have a powerful influence on the way federal legislation affects the communities we serve. A few of the federal legislative priorities that we focused on at the summit were Housing Finance Reform, Disaster Relief for HOAs, and the National Flood Insurance Program. Below is an overview of how these issues are affecting community associations:
Housing Finance Reform
After the housing crisis of 2008, Congress has been tasked with reforming the housing finance system. In 2016, the Housing Opportunity Through Modernization Act (HOTMA) was passed with the goal of increasing access to FHA loans. In practice however, the number of associations with FHA approval has decreased. According to CAI, only 6% of condo associations have FHA approval. The department of Housing and Urban Development (HUD) published a proposed rule in 2016 to make FHA approval more attainable by condominium associations but has not approved it.
Check out this post for a legislative update by a local industry leader in the FHA condo approval process.
You can learn more from CAI: