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Tag Archives: development

MA: Reserve Channel condos may get $150K for repairs

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

The Boston Redevelopment Authority and the developers of the Reserve Channel Condominiums may give as much as $150,000 to shore up the development’s maintenance fund, helping to pay for badly needed repairs for the five-year-old affordable housing condos.
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All about HOA rules

If you are thinking of buying a property in the US, one term that you would repeatedly come across is the Home Owners Association Rules or HOA rules. HOA rules are development specific and define the rules applicable for all the residents of that development. Each and every development in the US would have HOA rules framed by the HOA.  Studying and understanding these rules is of great relevance and significance when one is considering buying a property in the development. An HOA gets formed immediately upon the birth of a new development. As more and more members start living in the development, the HOA feels the need to define an acceptable code of responsibility and behaviour amongst all its members. This is what the HOA defines for all its members. The objective of these rules is to help all the residents enjoy their stay in the development without infringing the privacy and space of the others. These rules would list down what the members of the development are allowed to do. At the same time HOA rules would also contain a list of everything that is prohibited in the development.

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