( NewsNation ) — The new Florida Condo Safety Law aims to prevent another tragedy like the deadly 2021 Champlain Towers South collapse ; however, it’s pricing many condo owners out of their homes and forcing some retirees to return to the workforce.
Genie Anderson and Cristian Murray, two condominium owners at the Palm Bay Yacht Club in Miami, told “NewsNation Live” they’re both facing a $100,000 bill to bring their building up to code .
“When I first moved into this apartment, my first thoughts were, this is an amazing place; this is where I want to spend the rest of my days,” Murry said. “Little did I know, two years later, I was going to be hit with an assessment of $140,000 to fix the maintenance that the previous boards of directors neglected to fix throughout the building.”
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“Cristian and I both have corner units. So, the corner units are the more, let’s say, desirable units … and those have been struck with the highest special assessments to do the repairs. So, it’s about the same ballpark, $140,000,” said Anderson, who purchased her condo in 2014 and moved in in 2015 after some minor renovations.