Surfside’s Shadow Looms Large as Aging Buildings, Skyrocketing Costs, and Legislative Fallout Leave Thousands Desperate; HB 913 Awaits Governor’s Nod, But Is It Too Little, Too Late?
Fla. News Network —The old adage of “When government knocks on your door to help, run the other way” is the perfect example of today’s Florida condo market. When Champlain Towers South collapsed, killing 98 people, state lawmakers raced to pass Senate Bill 4-D in May 2022, mandating milestone inspections at 30 years (or 25 if you’re within three miles of the coast) and requiring healthy reserve funds for repairs. A lifesaving move? Sure. But it also ignited sticker shock. Associations that once got by with spot-repairs suddenly had to cough up millions or face fines and condemned status.…