Community Associations Institute

COMMUNITY ASSOCIATIONS INSTITUTE URGES SENATE TO DELAY CORPORATE TRANSPARENCY ACT

Retrieved on: 
Thursday, April 25, 2024

Falls Church, Va., April 25, 2024 (GLOBE NEWSWIRE) -- Community Associations Institute (CAI), the leading international authority on community association governance, education, and management, is calling for urgent action on bipartisan legislation aimed at delaying the implementation of the Corporate Transparency Act.

Key Points: 
  • Falls Church, Va., April 25, 2024 (GLOBE NEWSWIRE) -- Community Associations Institute (CAI), the leading international authority on community association governance, education, and management, is calling for urgent action on bipartisan legislation aimed at delaying the implementation of the Corporate Transparency Act.
  • The act poses significant challenges and potential harm to homeowners in community associations, who could face undue compliance burdens and financial strain.
  • CAI urges Democrats serving on the Senate Banking Committee to schedule a hearing for the Protect Small Business and Prevent Illicit Financial Activity Act (S.3625), the Senate counterpart to H.R.
  • The House approved the measure, which delays the implementation of the Corporate Transparency Act, with an overwhelming 420-1 vote in December.

COMMUNITY ASSOCIATIONS INSTITUTE: CONDOS, HOAS SHOULD BE EXEMPTED FROM CORPORATE TRANSPARENCY ACT

Retrieved on: 
Thursday, April 18, 2024

Enacted by Congress in 2021, the Corporate Transparency Act aims to enhance transparency in corporate ownership structures and combat financial crimes such as money laundering and terrorist financing.

Key Points: 
  • Enacted by Congress in 2021, the Corporate Transparency Act aims to enhance transparency in corporate ownership structures and combat financial crimes such as money laundering and terrorist financing.
  • "The Corporate Transparency Act, while well intentioned, poses significant challenges and potential harm to the millions of homeowners residing in community associations across the nation.
  • CAI believes the implementation of reporting requirements under the Corporate Transparency Act would impose significant compliance burdens and liability risks on community associations.
  • CAI urges policymakers to recognize the distinct characteristics of community associations and grant them exemptions from the beneficial ownership reporting requirements under the Corporate Transparency Act.

Steven G. Mlenak Elected Fellow of American College of Real Estate Lawyers

Retrieved on: 
Thursday, April 11, 2024

ISELIN, N.J., April 11, 2024 /PRNewswire/ -- Greenbaum, Rowe, Smith & Davis LLP is proud to announce that Steven G. Mlenak has been elected to the prestigious American College of Real Estate Lawyers (ACREL) as a Class of 2024 Fellow.

Key Points: 
  • ISELIN, N.J., April 11, 2024 /PRNewswire/ -- Greenbaum, Rowe, Smith & Davis LLP is proud to announce that Steven G. Mlenak has been elected to the prestigious American College of Real Estate Lawyers (ACREL) as a Class of 2024 Fellow.
  • ACREL is the premier organization of U.S. real estate lawyers.
  • ACREL's distinguished, nationally known lawyers have been elected to fellowship for their outstanding legal ability, experience and high standards of professional and ethical conduct in the practice of real estate law.
  • To learn more about the firm's capabilities and our work on behalf of clients, visit us online at greenbaumlaw.com .

Condominiums, Homeowners Associations to See Continued Growth in 2024

Retrieved on: 
Tuesday, January 23, 2024

Falls Church, VA, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The number of new condominium communities and homeowners associations is expected to increase by more than 3,000 in 2024, according to projections by the Foundation for Community Association Research , an affiliate organization of Community Associations Institute (CAI), the leading international advocate for condominiums, homeowners associations, and housing cooperatives.

Key Points: 
  • Falls Church, VA, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The number of new condominium communities and homeowners associations is expected to increase by more than 3,000 in 2024, according to projections by the Foundation for Community Association Research , an affiliate organization of Community Associations Institute (CAI), the leading international advocate for condominiums, homeowners associations, and housing cooperatives.
  • Community associations, also known as homeowners associations, condominiums, and housing cooperatives, are home to 75.5 million Americans and represent more than 30% of the U.S. housing stock, according to the Foundation’s U.S. National and State Statistical Review for Community Association Data .
  • The Foundation estimates the number of U.S. community associations will grow from 365,000 to as many as 370,000.
  • The 2022 Homeowner Satisfaction Survey , a biennial, nationwide report conducted by Zogby Analytics on behalf of the Foundation, provides a valuable snapshot of how homeowners feel about condominium and homeowners associations.

CAI Applauds N.J. Lawmakers for Passing Comprehensive Condo Safety Legislation

Retrieved on: 
Friday, January 12, 2024

Falls Church, Va., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Community Associations Institute (CAI) , the leading international advocate for condominiums, homeowners associations, and housing cooperatives, applauds New Jersey lawmakers for passing comprehensive and meaningful condominium safety measures to support the 1.5 million residents living in the state’s community associations.

Key Points: 
  • Falls Church, Va., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Community Associations Institute (CAI) , the leading international advocate for condominiums, homeowners associations, and housing cooperatives, applauds New Jersey lawmakers for passing comprehensive and meaningful condominium safety measures to support the 1.5 million residents living in the state’s community associations.
  • Over the past two years, CAI’s New Jersey Legislative Action Committee spearheaded the legislation, which includes a framework largely based on CAI’s Condominium Safety Public Policy Report recommendations.
  • CAI will continue working with policymakers to support condominium communities as they navigate these new requirements.
  • In addition, CAI will use the legislation now adopted in Florida and New Jersey as model language for other states as they consider adopting similar measures.

Eiseman Construction Receives Excellence in Community Service Award from Community Associations Institute

Retrieved on: 
Thursday, January 11, 2024

DOYLESTOWN, Pa., Jan. 11, 2024 /PRNewswire-PRWeb/ -- Eiseman Construction has been honored with the Excellence in Community Service Award from the Community Associations Institute (CAI) Keystone Chapter. The company was recognized during the chapter's 2023 Excellence Awards Gala & Annual Meeting, held Nov. 30 at the Talamore Country Club in Ambler, Pennsylvania.

Key Points: 
  • DOYLESTOWN, Pa., Jan. 11, 2024 /PRNewswire-PRWeb/ -- Eiseman Construction has been honored with the Excellence in Community Service Award from the Community Associations Institute (CAI) Keystone Chapter.
  • "We are deeply honored to be recognized by CAI Keystone for our commitment to community service," said Melissa Eiseman.
  • The honor is awarded to a member organization that has excelled in the area of service to a community association or to the community association industry.
  • "We are deeply honored to be recognized by CAI Keystone for our commitment to community service," said Melissa Eiseman, owner of Eiseman Construction.

REPORT: COMPENSATION STEADILY INCREASING FOR COMMUNITY ASSOCIATION MANAGERS

Retrieved on: 
Tuesday, December 12, 2023

Managers are confident about the industry with 80% of respondents saying that business prospects for their employer are “good” or “very good” for the coming year, according to the 2022 Community Association Manager Compensation and Salary Survey conducted by the Foundation for Community Association Research .

Key Points: 
  • Managers are confident about the industry with 80% of respondents saying that business prospects for their employer are “good” or “very good” for the coming year, according to the 2022 Community Association Manager Compensation and Salary Survey conducted by the Foundation for Community Association Research .
  • High-rise managers, on-site managers, portfolio managers, and assistant community managers all report compensation increases—by an estimated 4.6%—over the past year.
  • The 2022 Community Association Manager Compensation and Salary Survey, sponsored by Innovia Co-Op , allows an individual community manager or management company representative to compare their compensation with peers.
  • Reporters interested in learning more about compensation in community association management may request a review copy of the report.

Associa EMB Management’s Jessica Sanders To Offer Insight On Dealing With Difficult Neighbors At CAI Washington Panel

Retrieved on: 
Monday, December 4, 2023

REDMOND, Wash., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Associa EMB Management , a leading provider of community management services throughout the Metro Seattle, Eastside and surrounding Puget Sound areas, is pleased to announce that director of community management Jessica Sanders, CMCA®, AMS®, will serve as a panelist at the Community Associations Institute (CAI) Washington Chapter December Luncheon.

Key Points: 
  • REDMOND, Wash., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Associa EMB Management , a leading provider of community management services throughout the Metro Seattle, Eastside and surrounding Puget Sound areas, is pleased to announce that director of community management Jessica Sanders, CMCA®, AMS®, will serve as a panelist at the Community Associations Institute (CAI) Washington Chapter December Luncheon.
  • The educational session takes place on Tuesday, December 5th from 11:30 a.m. to 12:30 p.m. at the Hilton Bellevue and will provide community management professionals, homeowners and board members with industry specific guidance and tips on to on how to proactively and positively deal with neighbor disputes during the holidays.

FirstService Residential Recognized with 2023 CAI-CVC Chapter Award

Retrieved on: 
Thursday, December 21, 2023

FAIRFAX, Va., Dec. 21, 2023 /PRNewswire-PRWeb/ -- FirstService Residential, the leading residential community management company, announced today that it won the Central Virginia Chapter of Community Associations Institute's (CAI) Chapter Award for 2023. This award goes to organizations who have made outstanding contributions to achieving the chapter's goals.

Key Points: 
  • FAIRFAX, Va., Dec. 21, 2023 /PRNewswire-PRWeb/ -- FirstService Residential, the leading residential community management company, announced today that it won the Central Virginia Chapter of Community Associations Institute's (CAI) Chapter Award for 2023.
  • "This award is a testament to the alignment between our associates and CAI," said Mark Bailey, svp, FirstService Residential.
  • The award was announced at the chapter's annual awards luncheon on November 9, 2023, at The Jefferson Hotel in Richmond, Virginia.
  • "This award is a testament to the alignment between our associates and the Central Virginia chapter of CAI," said Mark Bailey, senior vice president, FirstService Residential.

COMMUNITY ASSOCIATIONS INSTITUTE BRINGS COMMUNITY TO CONGRESS FOR 2023 ADVOCACY SUMMIT, HONORS REP. DAVID ROUZER (R-N.C.) AS A HERO OF ASSOCIATIONS

Retrieved on: 
Thursday, November 9, 2023

According to the latest data from the Foundation for Community Association Research , community associations are estimated to become the majority form of housing in the U.S. by 2040.

Key Points: 
  • According to the latest data from the Foundation for Community Association Research , community associations are estimated to become the majority form of housing in the U.S. by 2040.
  • “One in four Americans live in community associations today, and thousands of new communities are built each year.
  • “CAI members are passionate about the work they do to support community associations.
  • CAI recognized Rouzer for his work to make federal funds available to homeowners association residents after a presidentially declared natural disaster.