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Category: Deficit Funding

Can Your Community’s Developer Use HOA Capital Contributions Collected at Closings to Offset the Developer’s Deficit Funding Obligation?

Can Your Community’s Developer Use HOA Capital Contributions Collected at Closings to Offset the Developer’s Deficit Funding Obligation?

Many communities impose a capital contribution (sometimes called an initiation fee) on new owners. This is a one-time, … more

Posted in Capital Contributions, Community Association, Deficit Funding, Governing Documents, Homeowners Association, Legislation
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