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CAI and CLAC Celebrate Legislative Successes in 2024
By Amy K. Tinetti, Esq.
The following is a summary of the new laws for 2024 and how they impact community associations.
AB 572: LIMITATION ON REGULAR ASSESSMENT INCREASE FOR AFFORDABLE HOUSING UNITS
This bill amended Civil Code section 5605. The new law prohibits regular assessment increases of more than 5% plus cost of living (capped at 10%) over the previous year for any deed-restricted affordable housing unit. The law only applies to associations with more than 20 units with original declarations recorded on or after January 1, 2025.
Takeaway: Board members, managers, and vendors who serve community associations should be aware of budgeting and funding challenges in post-2025 associations with affordable housing units.
AB 648: VIRTUAL MEETINGS
The law now allows associations to conduct meetings entirely by teleconference (including video conference) without a physical location. The notice of the meeting must contain technical instructions and contact information to...