Tag Archives: private

Community Associations and the IRS

We often get asked whether community associations can or do qualify as 501(c) organizations under the Internal Revenue Code.  Sometimes the question arises because the association derives too much income from sources other than assessments to file IRS Form 1120-H, and it is looking at way to...

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Transfer Fees Victory

The Federal Housing Finance Agency in March issued its long awaited final rule on transfer fees, and it’s a big win for community associations. 

FHFA initially proposed a regulation that would have banned federally backed mortgages for property in a community association with a deed-based transfer fee.  As originally drafted, the proposed rule would have cut off nearly all mortgage funding for the 11 million housing units, roughly half of all community association housing, that have existing deed-based transfer fees.  Over the past two years, CAI members worked diligently to gather data on transfer fees, submitted comments to FHFA and brought the issue to the attention of key lawmakers.

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How ADA compliance will affect your swimming facilities

The Americans with Disabilities Act (ADA) was established in 1990 to prohibit discrimination grounded in disability.  Recently, some changes and additions were made affecting swimming facilities that communities need to be aware of moving forward.

What’s New?

Title II (Public Entities) and Title III (Public Accommodations and Commercial Entities) relate directly to the accessibility of public and private pools.

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