Community Associations Institute

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Logo of the Community Associations Institute

The Community Associations Institute (CAI) is an organization that represents homeowners, condominiums, and other community associations around the world. Based in Falls Church, Virginia in the United States, the CAI has more than 60 chapters of condominium and homeowner associations [1] [2] [3] with over 45,000 members worldwide. [4] The CAI provides education and resources to help the volunteer leaders and boards that govern community associations. It also advocates for laws and regulations that benefit community associations and their members. CAI allows community associations to join together and have a unified voice. [5]

Founded in 1973, the organization has sought to be the people that build and service common interest developments (CIDs) to become a significant force in interest group politics in many states. According to Evan McKenzie, they are dominated by lawyers and property managers that have shaped legislative and judicial policy-making to prevent meaningful regulation of CID activity [6] and help keep the discourse on such matters largely private. [7]

In the absence of legislative regulation or oversight perceived as meaningful to their objectives, the idea of residential private government took the shape and was advocated originally by developers through the Urban Land Institute and the Federal Housing Administration, followed by lawyers and property managers through the CAI. [8]

CAI has worked to address concerns raised about the development industry by critics. Board and manager training classes and national certifications for core competency have been developed. [1] [9] The Institute has shifted its primary focus to asset management.

See also

Related Research Articles

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Common-interest development (CID) is the fastest growing form of housing in the world today. They include condominiums, community apartments, planned developments, and stock cooperatives. A CID's ownership benefits are having rights to an undivided interest in common areas and amenities that might prove to be too expensive to be solely owned. For example, an owner would like to have a pool but cannot afford one. When buying a condominium with a pool in a CID of one hundred units, an owner would have use of that pool for basically one-hundredth of the cost due to sharing the cost with the other 99 owners. Timeshare, or vacation ownership, is the same concept. Buying a second home for vacation purposes might not be financially possible; buying a week or two can be when sharing the overall costs with other participants.

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One in eight Canadian households lived in a residential condominium dwellings, mostly located in a few census metropolitan areas according to Statistics Canada Condominiums exist throughout Canada, although condominiums are most frequently found in the larger cities. "Condominium" is a legal term used in most provinces of Canada. in British Columbia, it is referred to as "strata title" and in Quebec, the term "divided co-property" is used, although the colloquial name remains "condominium".

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Maryland House Bill 107, also known as HB107, is a Maryland state law passed in 2022 that mandates that condominiums, housing associations, cooperatives, and homeowner associations complete a reserve study by October 1, 2023. The law, passed in response to the Surfside condominium collapse, is most notable for expanding the existing law on reserve studies, which only applied to Montgomery County and Prince George's County to the entire state, requiring community associations three fiscal years to "attain the annual reserve funding level" recommended by the study and giving the board of directors of each association the power to "increase assessments" to fund such a study, overriding any bylaws or other governing documents capping assessment increases. It became law without signature of Governor Larry Hogan.

References

  1. 1 2 Hankins, Curtis (February 16, 2024). "COMMUNITY ASSOCIATIONS INSTITUTE EQUIPS 1ST AMERICAN MANAGEMENT COMPANY'S PROPERTY MANAGERS WITH EXPERT SKILLS & KNOWLEDGE". LaPorte County Life. Retrieved March 11, 2024.
  2. "Community Associations Institute".
  3. Solá, Ana Teresa Solá (November 5, 2023). "Homeowners associations can be a boon, or bust, for buyers. Here's how to vet HOAs when house hunting". CNBC. Retrieved March 11, 2024.
  4. Lena, Haley (December 3, 2023). "Highlands Ranch Community Association, general manager recognized by Community Associations Institute". Highlands Ranch Herald. Retrieved March 11, 2024.
  5. McKenzie, Evan (1994). Privatopia: Homeowner Associations and the Rise of Residential Private Governments. Yale University Press. pp.  119. ISBN   0-300-06638-4.
  6. McKenzie, Privatopia, 27.
  7. Privatopia, 26.
  8. Privatopia, 121.
  9. Richardson, Kelly G. (October 28, 2023). "HOA Homefront — Who watches the managers?". The San Diego Union Tribune. Retrieved March 11, 2024.