What is your association's role in owner disputes?
Managers and Boards of Directors may occasionally receive complaints from an owner about another owner. Most commonly, these are noise complaints. Now that people are working from home more often, these complaints might occur more frequently. It is important to know how to respond to these issues so all parties feel heard.
Learn how a board should react to owner disputes, here.
New Cooling Ordinance in Chicago Condominiums
For some time now, the city of Chicago has had an ordinance for minimum temperatures that must be maintained throughout the winter in multi-unit residential buildings.
Following the tragic heat-related deaths of three residents at an assisted living facility, that ordinance has been amended to now include cooling standards throughout the summer.
Learn more here.
New Federal Proposal Could Help Condos Finance Critical Repairs
Aging condo buildings and infrastructure has been a growing concern over the past several years.
The Rapid Financing of Critical Condo Repairs Act of 2022 is legislation that allows the US Department of Housing and Urban Development’s Federal Housing Administration to insure condominium association building rehabilitation loans made by private lenders.
Under the legislation, FHA-insured condo association loans may be used for the rehabilitation, alteration, repair, improvement, or replacement of a condominium project’s common systems, infrastructure, and facilities.
Learn more here.
Residency Requirements to Serve on a Condo Board
The Illinois Condominium Property Act has been amended to allow Boards of Directors to implement policies on how Boards can be composed.
Boards can now require that the majority of the condominium board be made up of unit owners who occupy their units as their primary residence.
Most likely, the thinking is that a Board composed mainly of members who live in the community will ensure boards are engaged and committed.
Learn more here.