Navigating legislative changes in Florida’s condo communities
A recent Sun Sentinel article titled “DeSantis Requested Help for Elderly Condo Owners. Here Are the Proposals” highlights new legislative efforts aimed at assisting Florida’s elderly condo owners facing skyrocketing maintenance and insurance costs.
Among the proposed measures are:
- A $2,500 grant to help low-income seniors cover condo assessments
- Exemptions from inspection and reserve requirements for buildings under six stories
- Authorization for condo boards to take out loans for reserves
While these initiatives aim to provide financial relief, experts question their overall impact.
Our Managing Principal, John Cadden, was interviewed for the article and expressed skepticism about the effectiveness of these proposals. He stated, “It seems like a good political platform, but not something that actually is going to have a large impact in most cases.” He also raised concerns about how these grants will be administered and whether sufficient funding will be allocated to meet the real needs of condo owners.
Learn more:
Five Things Florida Condo Owners Should Do Right Now
With condo associations struggling to comply with new state mandates while maintaining affordability for residents, the debate continues over whether these legislative changes will offer meaningful relief or simply serve as a temporary band-aid.
Stay informed as Florida lawmakers weigh these critical decisions, shaping the future of condominium living in the state.
Read the Sun Sentinel article here
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