http://worldcat.org/entity/work/id/326601932

Common interest developments : housing at risk?

Over 34,000 common interest developments (CIDs) provide housing for 8 million Californians. Several thousand new CIDs are built each year and they make up the majority of new housing being constructed in some counties. Despite their popularity, homeowners and professionals who provide services to CIDs have expressed ongoing concerns and criticisms. Some professional managers believe that many CIDs are financially unstable due to poor financial management, mostly due to board of director and homeowner lack of knowledge and expertise. We examined CID's financial management and other issues that could affect the financial stability of CIDs. Lack of reliable data on CID financial management practices and status makes it difficult to ascertain the extent of the problem. Nevertheless, despite all the existing laws, conflicts between homeowners, associations, and management companies regularly result in complaints to legislators for reform. This report identifies efforts by other state and local governments to address these issues.

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