Today, the U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), announced the launch of its new Manufactured Home Community loan product, which will provide an FHA-insured financing option for the purchase, refinance, and revitalization of manufactured home communities. This action will help entities to preserve, stabilize, and revitalize these vital
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New Developments with the Corporate Transparency Act
Since the turn of the new year, we’ve started discussing the Corporate Transparency Act’s (“CTA”) requirements that every small business – including your homeowner, condominium and cooperative association – register its business information with the US Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). The registration required providing the identities of your Board of Directors. Why…
The Surfside “Glitch Bill” and Mobile Home/RV Park ROCs
By Scott Gordon
As many of you know, Florida’s legislators, in a special session last year, attempted to respond to the tragic collapse of the condominium in Surfside with changes to the laws governing many community associations. Those changes may have been well-intended but created all kinds of headaches for condominium and cooperative associations and the unit owners,…
Disaster Relief
Disaster assistance
Responding to the devastating 2021 collapse of the Champlain Towers South building in Surfside, lawmakers approved making property tax rebates available when residential properties are rendered uninhabitable for 30 days. During the December 2022 special session, lawmakers passed a measure (SB 4-A) to offer similar rebates to property owners who sustained damage in…
Post-Hurricane Ian Recovery
Our thoughts and prayers go out to everyone who has been affected by Hurricane Ian. As you probably know, Southwest Florida bore the brunt of the storm and has suffered catastrophic losses. At this time, power remains down for more than 50% of the residents from Manatee County down to Collier County. First and foremost,…
Hurricane Ian
Greetings,
Hurricane Ian is rapidly intensifying and anticipated to hit the Florida coast. In advance, we’d like to extend the following reminders:
1. Mandatory evacuation order means what it says. Do not endanger your life or the lives of others by ignoring that order. Gather your important documents and prescriptions in the case of an…
Real Estate Investors targeting Mobile Home cooperatives
Mobile Home Parks have long been attractive investments due to their steady cash flow stemming from the regular payment of lot rents. National park operators, real estate investment trusts and pension funds have been buying “mom and pop” parks over the last several decades leading to an overall industry consolidation. As the industry becomes more…
Increase in Fees for Estoppel Certificates
Good morning, everyone! Hope all of you are enjoying the summer whether you are still in Florida or “up North”.
Just a brief blog post to let you know that the DBPR has updated the fees that can be charged for estoppel certificates.
A fee of not more than $299 can be charged for preparation…
February Co-op Board Certification Training and the Latest Fair Housing Guidance on Assistance Animals
By Scott Gordon
We’ve made it through the first month of 2020! February will be very busy as I am offering board certification training for prospective and current Directors of cooperative associations (governed under Chapter 719 of the Florida Statutes) on the following dates:
- Wednesday, February 5, 2020 at Lake Bonnet Village in Avon Park (we’ll begin at
…
2018 amendments to Florida’s Cooperative Association Laws–Part I
By Scott Gordon
Labor Day has come and gone, several tropical systems are swirling in the Atlantic (you may recall that all of Florida was in panic mode awaiting Irma this time last year) and our snowbirds will be returning before we know it. Seems like a good time to discuss some of the changes made to Chapter…