Sen. Rosalind Osgood stated that many residents are concerned about the recent law requiring full funding of reserves, especially for those living on fixed incomes.
Christine Cordoso expressed that the impending fee hike to $1,600 is unbearable for her and others in their community, who take good care of their building.
The SIRS law mandates intensive safety inspections and requires that condominiums budget fully for repairs, which many older buildings are struggling to comply with.
The recent structural integrity law was enacted after the tragic Champlain Towers South collapse, which highlighted the dangers of inadequate reserve funding in older buildings.
Collection
[
|
...
]