From Capitol Hill/Legislation

Subscribe to From Capitol Hill/Legislation via RSS

Last year during the 2011 legislative session, Representative Cindy Acree was successful in passing House Bill 11-1110 to address open meetings and transparency in governance for “Residential Nonprofit Corporations.” As originally drafted, the bill would have included homeowners’ associations (“HOAs”) that were similarly regulated under the Colorado Common Interest Ownership Act (“CCIOA”). Since this wasn’t the intent of the bill, Representative Acree specifically excluded HOAs from the definition of "Residential Nonprofit Corporations" and focused upon independent senior living facilities. Continue Reading Bill Introduced to Address Open Meetings for Residential Nonprofit Corporations

The Rocky Mountain Chapter of CAI is hosting a CAI Industry Update Breakfast on January 20, 2012.  Here’s what you need to know about the event: 

 

"On November 4th, CAI’s Colorado Legislative Action Committee filed a Sunrise Application with the Colorado Department of Regulatory Agencies (“DORA”) to determine whether the licensure of…

As Congress continues to play politics with extending the payroll tax deduction into 2012, Community Associations Institute ("CAI") reports that an increase in fees on Fannie Mae, Freddie Mac and FHA seems to be an inevitable part of any deal ultimately reached.  CAI National published the following report: Continue Reading CAI Reports Congress to Increase Fees on Fannie Mae, Freddie Mac, and FHA

Andrew Fortin, CAI National’s Vice President of Government & Public Affairs, has provided CLAC with the following important ALERT for CAI members in Colorado: 

“CAI members in Colorado have reported that a mortgage company in that state is telling lenders that in order to obtain a mortgage for a home in a community association; the…

On October 21st, I posted a blog entry informing you that FHA was contemplating a prohibition on deed-based transfer fees in order for a condominium association to qualify for FHA-insured loans.  In that same entry, I included a report from Community Associations Institute ("CAI") on the issue with a link to a letter to FHA requesting that they exercise caution and due diligence prior to taking such action.  CAI has received a response from FHA to this letter and has published the following communication:     Continue Reading FHA Responds to CAI on Transfer Fees

In an ongoing effort to persuade the US Department of Housing and Urban Development ("HUD") that the FHA certification guidelines must be revised in a manner that takes very real industry concerns into consideration, Community Associations Institute ("CAI") made the following announcement regarding the actions of United States Senator Scott Brown:

"Massachusetts Senator Scott Brown has sent a strongly worded letter…

Yesterday, 7 News provided coverage on the Sunrise Application that was submitted last Friday to the Colorado Department of Regulatory Agencies (“DORA”) to examine the need to license community association managers. 

Speaking out in support of manager licensure, Chris Pacetti who is the Chair of CAI’s Colorado Legislative Action Committee’s Manager Licensure Task Force, noted that “Anyone can operate as a homeowners’ association manager without any qualifications.” Dee Wolfe, Co-Chair of the Taskforce, stated that, “For most people, their home is their single biggest investment, so it’s doubly important to have a licensed association manager who is held to a higher standard.” Continue Reading 7 News Covers Manager Licensure Sunrise Application