Archives: 2023

When it comes to reserve fund planning there are a lot of interesting rule of thumb approaches many of us have heard over the years. “Set aside an amount equal to 10% of the annual operating budget”, “Do a special assessment of $100K to add a reserve buffer”, are just a few of the less than analytical approaches to reserve fund planning out there. Generally, what these approaches say is

Deferred maintenance and under-funded reserves are two of the biggest worries facing HOA communities today. Fannie Mae apparently agrees. A recent article in the Boston Globe shed light on a confidential blacklist Fannie Mae keeps on condo developments that they deem too risky to underwrite due to deferred maintenance related issues. Fannie Mae and Freddie Mac support 70 percent of the mortgage