Category

HOA Reserves

HOA Reserves

Can The HOA Borrow From Reserve Funds?

Is it legal for an HOA to borrow from reserve funds? This is a question many board members ask. The answer, while important, isn't as simple as a yes or no. There are several variables to consider, including the association's ability to repay the loan. Jeopardizing the reserves can have severe consequences, even putting board members at risk of liability.   Can an HOA Borrow From the Reserve Fund? In an HOA or condo community, the reserve fund plays a…
Denise
May 6, 2026
HOA FinanceHOA Reserves

How HOA Reserve Funds Protect Your Community’s Future

HOA reserve funds are an important tool for the long-term financial stability of any association. While HOA managers can help maintain and budget the reserves, it is the primary responsibility of the HOA board to manage this fund.   What are HOA Reserve Funds? A reserve fund is essentially a savings account that an HOA sets aside for future major expenses, such as repairs and replacements. This fund is not the same as an operating fund, which is used to…
Azalea
January 22, 2025