An astonishing blog was just published by our friend in Florida, Jan Bergemann. He points out that the trust fund, which was created to help members of Homeowners and Condo Associations, is being looted annually by the Florida State Legislature.
This money was not meant to be transferred to the Legislature’s general fund. It’s paid by HOA members and should be held in trust for HOA members.
It’s just another in a thousand ways that HOA members are getting ripped off. How many other states are seeing such theft?
It is obvious that state legislatures — not just in Florida, but across the country — are not going to do anything about the H.O.A. problem.
It is either going to take federal legislation — not likely given the Republican majority in Congress, although Democrats didn’t do **** either when they were in charge — or ballot measures put to a popular vote (in states where that is allowed) to enact any meaningful reform and provide home owners with substantial relief.