How Condominium Associations Can Finance Capital Projects

Aging condominium buildings are common across Hawaii, which is a growing concern in the aftermath of the tragic collapse of the Champlain Towers South in Florida. This preventable tragedy is being traced back to repair and maintenance issues. Like Florida, Hawaii structures are equally susceptible to high humidity and damaging salt air.  Since Hawaii is a very expensive place to live, there is often a mindset keeping HOA fees to a minimum. Budgeting for major capital improvements of significant [...]