Facebook
X
Pinterest
Copy Link
I ran across a news segment recently on Fox 9 News about homeowners associations (HOAs) in Minnesota and thought I’d share:
If you’ve ever dealt with a homeowners association (HOA), you probably have a story to tell—and not always a good one. Across Minnesota, homeowners have voiced frustrations over HOA rules, fees, and foreclosure threats. Now, lawmakers are stepping in to make some changes.
A bipartisan task force has put together 41 recommendations aimed at improving how HOAs operate. These proposals focus on limiting foreclosures, preventing conflicts of interest, and increasing transparency—all common pain points for homeowners.
Considering that 82% of new homes are part of an HOA, these reforms could have a major impact statewide. Several bills have already been introduced to bring these recommendations to life, signaling a big shift in how HOAs are governed in Minnesota.
One thing buyers should keep in mind: Most HOAs in Minnesota (though not all—there are exceptions!) are required to provide a contingent 10-day statutory review window. This allows buyers to thoroughly review the Common Interest Community (CIC) documents before moving forward with their purchase. This is a critical step that buyers should take seriously! Understanding the HOA’s rules, financials, and policies upfront can prevent surprises down the road.
It’s clear that the conversation around HOA reform isn’t going away anytime soon. If you’re a homeowner dealing with HOA challenges, now’s the time to stay informed and engaged as these legislative efforts unfold.
I also wanted to included this fun purple flower pot recipe for those of you who might have graduates with purple school colors—such a simple and festive touch to celebrate their big day!
