Condo owners in South Florida are getting squeezed from two directions: stricter post-Surfside safety rules and sharply rising HOA bills.
Seniors were a major focus at a West Palm Beach meeting convened by U.S. Rep. Lois Frankel, where local officials and housing advocates warned that some residents could be pushed out of homes they already own.
Here’s what to know
According to WPTV, Frankel brought together Palm Beach County officials and housing advocates to discuss rising homeowners association fees and condo assessments. Much of that conversation centered on expenses tied to Florida’s post-Surfside reforms, including structural inspection standards and reserve-fund requirements adopted to improve building safety.
Designed to reduce the chance of another deadly collapse, those rules are also creating steep new costs for owners. The burden is hitting seniors and other residents on fixed or limited incomes especially hard as they try to stay in their homes…