“The Uncertain Future of Community Associations”

Speaker: Tyler Berding, Esq

Can community associations survive in California? That’s the question that many association directors and managers are facing. Growing shortfalls in budgeted reserves and operating expenses are becoming the rule rather than the exception. California’s statutory limits on assessments make remedies difficult. More and more aging community associations are showing the effects of budgets which cannot fund long-term maintenance and repair – to the extent that these properties may become obsolete and potentially valueless to their owners.

What is the impact of poor quality construction or repairs on this problem? How will this problem impact condominium conversions? Is there an end strategy for properties that have reached the end of their useful life? How will this issue affect the availability of low to moderate income housing?

Attorney and author Tyler Berding, principal of the law firm Berding and Weil, LLP of Alamo, California will examine these and other issues and provide answers to your questions and some suggested solutions to the problem.

Note Different Meeting Location

Thursday – November 2 – 7 PM – Goleta Union School District Headquarters Board Room – 401 North Fairview Avenue, Goleta (across from the Goleta Library)

Sponsored by the De Los Amigos Owners Association – Santa Barbara

This entry was posted on Thursday, September 28th, 2006 at 3:08 PM and was posted in the Meetings category.