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HOA loans or special assessments? Discover which option may cost your community less in the long run.
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

In Episode 168, Julie is joined by HOA industry veteran Rolf Crocker to discuss one of the toughest financial decisions community associations face: should an HOA fund major expenses with a special assessment, a loan, or a combination of both? Drawing on Rolf's experience in both community management and HOA lending, he and Julie explore the key factors that help HOA boards make informed financial decisions for the future.

Chapters:

00:00 Why do HOAs end up needing loans or special assessments?
01:04 What causes HOA reserve funding shortfalls?
05:06 Should your HOA choose a loan or a special assessment?
07:48 Can an HOA combine loans and special assessments?
09:44 How should boards communicate financial problems?
11:05 What questions will homeowners ask first?
16:37 Ad Break - Community Financials
17:08 How do you prove you've chosen the best financial option?
23:14 How do you prevent another financial crisis?
27:53 Why should boards address funding problems even if they're unpopular?
31:25 What's the biggest lesson for HOA board members?

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization.

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