For HOAs: Financing an Emergency Response
Disaster response can be a costly endeavor. An association will likely need to hire contractors (who are probably in high demand during a crisis) to repair damaged association property, clear private roads or remove debris. If flooding is involved, the HOA may need to bring in specialists to quickly dry saturated HOA buildings for the purpose of mitigating damage and preventing mold contamination. Repairs aren’t cheap, but, if they’re necessary, the HOA board will need to find the money somew [...]