Funding strategy

For loan applications dated on or after January 4, 2027, condo budgets must send 15% of assessment income to reserves — or show a current reserve study funded at its highest recommended level. Here's the timeline, the math, and the board checklist.

The honest answer isn't a dollar figure — it's a fraction. Here's how percent funded defines "enough," what the new lender rules require, and how to work out the real number for your community.

So you’re getting ready to prepare your HOA’s budget. You and your fellow board members and homeowners are going to make big decisions that will affect the entire community. The budget preparation process can feel daunting and it is arguably the most important job of the HOA board. Budgets are more than just numbers…

Dan Stondin CEO, homey.io On June 24, 2021, at approximately 1:22 in the morning, Champlain Towers South, a 12-story beachfront condominium in the Miami suburb of Surfside, Florida, collapsed. Ninety-eight people lost their lives. Only six years earlier, in Berkley, California, a balcony collapsed and killed six…

Preparing a budget for the new fiscal year can seem like a daunting task. Especially if you are a volunteer board member trying to find the time and the patience to put together your HOA budget. If you are struggling to get started with preparing your HOA budget, check out the tips in this article below! Budget…