HOA with more than $1 million dollars on hand in checking accounts, CDs, saving accounts and cash, and total assets at more than $2.2 million dollars! That is what one media outlet reported on recently.
The funds were as a result of what is reported as “predatory” behavior, such as aggressive code violation enforcement and penalties, along with foreclosure.
As a result, Denver has taken steps to enact various reforms. Additionally the State Legislature is looking into similar reforms.
For more information, please click on the following links.