Join us for the UT Chapter Community Associations Institute Education Series Webinar Event on
December 1, 2022, at 12:00 pm.
Chuck Balacy (VP CIT Bank), Scott Welker (Partner Miller Harrison Law), and
Joani Oldroyd (FCS Community Manager) will be discussing "Special Assessments for HOA Communities" and "Special Lending for Communities with Underfunded HOA Reserves."
Scott Welker will explain how to structure special assessments so they survive bankruptcies and transfers, board authority to obtain financing, and common legal pitfalls to watch out for in obtaining financing and special assessing.
Joani Oldroyd will be speaking on large association projects (common area expenses, phasing projects vs getting it all done at once) , Reserve Studies (what they are and why you need them for an HOA), Being well funded so that there isn’t a need for a loan and the process of getting a loan from the HOA side, and the need for a 3rd party project manager.
Chuck Balacy will be discussing bank loans that are customized for community associations. He will explain how HOA loans work, the common misconceptions, and if a loan can be a solution for underfunded communities.