Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is deficit funding by the developer considered to be a loan to the HOA?

April 26, 2017deficit Developer funding hoa loan

0

Posted

Is deficit funding by the developer considered to be a loan to the HOA?

1 Answer

0

Posted

Although deficit funding may be done as either a loan or a contribution, it is generally recommended that it be a contribution and should be anticipated by the Developer in the development plan.