Side Streets, carried in the Saturday edition of The Gazette in Colorado Springs, highlighted an interview with Mark Ferrandino – the new Speaker of the Colorado House. Clearly, the Speaker is not a fan of HOAs and believes members of HOAs need "a way to complain and enforce the laws . . . " As a result, he’s in favor of providing the HOA Information Officer with the authority to investigate and enforce Homeowner Bill of Rights provisions of the Colorado Common Interest Ownership Act ("CCIOA").
The Speaker’s disenchantment with HOAs comes from personal experience. Evidently, at some point in time, the Speaker purchased a home in an HOA and thought the assessments were being handled through his mortgage payment. As a result, he did not make his $25.00 monthly assessment payment. After six months of not paying his assessments, the Speaker received notice that a lien had been recorded on his home. Continue Reading Speaker of the House Not a Fan of HOAs
