When Should an HOA Borrow Money for Large Projects?

Homeowners associations are designed to act in the best interests of a given community. When properly administered by an elected HOA board, often in conjunction with a third-party management group, the HOA helps to ensure community safety, maintain property values, and create a beautiful and enjoyable environment for all residents. As part of this overarching directive, HOAs collect fees from every homeowner to pay ongoing...

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