Educational Opportunities

WHAT YOU DON’T KNOW CAN HURT YOU!

The Virginia General Assembly has wrapped up another busy year so it’s time to take stock of what new laws and changes to existing laws will affect community associations.  All board members and association managers need to be aware of these new and revised laws in order to avoid the legal pitfalls of doings things “the way we always have” instead of the way the new laws require it to be done.  All of these new or revised laws have been passed by both the Virginia House and Senate, have been signed by the Governor, and will go into effect on July 1, 2019.  We will break the changes down into several categories and send you the “need to know” information in several installments over the next couple of months.  In this issue we will discuss resale disclosure changes and child care businesses in HOAs.
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COME JOIN US AT CA DAY ON MARCH 9

We hope the new year is going well for you all.  We are looking forward to the Southeastern Virginia Chapter of CAI’s annual Community Associations Day which will be held on March 9, 2019 from 7:30 to 4:30 at the Virginia Beach Convention Center.  Our CA Team will be there in full force. Mike Inman will be speaking on a new and unique topic – dealing with municipalities on such things as condemnation of property, rezoning of neighboring property, storm water management and enforcement of ordinances. Jeanne Lauer will be hosting a discussion on “Influencing Legislation that Impacts Your Community and the Importance of VALAC” (the Virginia Legislative Action Committee).  Greg Montero will be hosting a round table discuss on “Almost Free Legal Advice.”  Also, as usual, we will have our booth to give us a chance to greet you.  We hope to see you there. Information on the event can be found at www.cadayvirginia.com.

WHY DOES MY CONDOMINIUM NEED FHA CERTIFICATION

Federal Housing Administration (FHA) loans currently account for a large percentage of the available financing options for condominium units in today’s market.  Other than VA loans (which are only available to active or retired military), FHA loans offer one of the lowest down payments and interest rates available which makes them attractive to a lot of new buyers and current owners who wish to refinance.
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