Florida Reform Impacts
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This page is a collection of media and other sources which address the impacts of HB 919 which was passed into law in June of 2023 and holds HOAs more responsible and accountable for their actions and inactions.
Icon Key - Click to access publication listed beside each.
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Mass Media Article and/or Video (Mainstream News / Journalism)
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Trade Publication or Industry-written Material
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Blog or Other Less Formal Publication
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Academic Publication
Articles and Info on New Legislation
Related Articles - Newest First
ISG World Miami Report
published by ISG World Realty, Miami, Florida 2024
Website: https://isgworld.com/
"Delay of condo collapse report is painful for families, but we must get this right | Opinion"
by the Miami Herald Editorial Board, Sept. 18, 2024.
"Even though we are waiting for the federal report, South Florida already is feeling significant impacts of the collapse as condo fees rise rapidly to meet requirements of much-needed safety laws, 30-year milestone inspections and financial reserve requirements put in place after the building fell."
"Florida’s shifting housing market shaken by spiking HOA fees—just look at this chart."
by Meghan Malas, FastCompany, Sept. 6, 2024
"Florida passed new structural safety rules, requiring milestone inspections and additional funds for repairs to be set aside by the end of 2024. That bill has led to Florida HOAs issuing sky-high special assessments and monthly fee increases to cover these costs."
"Florida Condo Prices 'Collapsing' Due to HOA Fees Surge—Real Estate Expert"
by Giulia Carbonaro, Newsweek, Aug. 13, 2024.
"'Condo prices in Florida are "collapsing,'" real estate expert Nick Gerli said, as homeowner association (HOA) fees are surging, driven by skyrocketing home insurance premiums and new safety laws requiring special assessments and swift repairs for aging buildings."
"Crushing Special Assessment"
WSVN-TV, Miami, Aug. 1, 2024
"South Florida condo residents, especially those in older buildings, are being hit with crushing special assessments. When they can’t pay, they face foreclosure. It’s why residents of one building turned to Help Me Howard with Patrick Fraser."
"Florida's Condo Market in Chaos: Governor Backtracks on New Condo Laws"
by Edmond Thorne, Newsbreak, July 29, 2024
"The laws, intended to increase safety and accountability within condominium associations, have instead led to a fee surge and a devastating decline in the condo market. Governor Ron DeSantis is now considering a special session to address these issues."
"Condo law after Surfside collapse forces sales as deadlines loom: The Flagler House saga"
by Kimberly Miller, The Palm Beach Post, July 27, 2024
"The new statutes, which were enacted to ensure the safety of condominiums and thwart future tragedy, include approaching deadlines for building inspections and the specter of costly fixes that associations won't be able to dodge."
"Florida Housing Market Faces 'Nightmare Scenarios' as Deals Collapse"
by Giulia Carbonaro, Newsweek, July 26, 2024
"Buyers often back out during the inspection period because they find something they don't like, but affordability is really the underlying issue," Corrales explained. "I don't want my buyers to be surprised by all of the expenses that come with owning a home in Florida, so I advise them to proactively research the hefty costs of insurance, property taxes and HOA fees, in addition to the cost of their mortgage payment."
"Florida Gov. Ron DeSantis says special session to fix condo law is up to Legislature"
by Gray Rohrer, The Palm Beach Post, July 25, 2024
"As condominium owners throughout the state face significant hikes in their homeowner association assessments, Florida Gov. Ron DeSantis said it's up to the Legislature to convene a special session to fix the law that spurred the increases."
"Florida Homeowners See Resale Value Plunge in Multiple Cities"
by Giulia Carbonaro, Newsweek, July 25, 2024
"Three of the five metropolitan areas which saw the biggest year-on-year drops in typical profit margins—the percentage return on investment—in the second quarter of 2024 are in Florida, according to a new report from ATTOM."
"Florida condo owners face unretiring or selling homes after being hit with $100,000 in special assessment fees"
by Bethan Moorecraft, Yahoo! Finance, July 24, 2024
"Yet another torrid tale has emerged of Florida homeowners being hit with eye-watering special assessment fees as building managers race to be in compliance with a new state law."
"'This problem is not going away': An entire Florida homeowners association board just quit after $60K special assessment dispute — here's why"
by Serah Lewis, Moneywise, July 5, 2024
"The homeowners received notice of the assessment in early June, which detailed how the HOA’s reserves had never been fully funded in its 20-year history, presenting the community with a 'significant financial challenge moving forward.'”
"HOA fines getting tamed in Florida? Legislature to discuss over a dozen new bills"
by C.A. Bridges, The Daytona Beach News Journal, USA Today Network - Florida,
Jan. 12, 2024
"But complaints about HOAs have been rising in recent years and several legislators from both sides of the aisle have proposed more than a dozen bills into this year's legislative session to rein in some of the worst excesses."
"Florida’s largest HOA is unraveling the mess caused by its ex board. It’s costing millions."
by Linda Robertson, The Miami Herald
August 24,2023
"Residents of the Hammocks, a sprawling single-family home community in Kendall, now have a court-appointed receiver trying to untangle the legal and financial mess left by the former HOA board. But some residents are worried about the legal fees of the receiver and his legal team, which totaled $1.7 million for their first six months."