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Committee to review common‑interest subdivision law, reserve funding and buyer disclosures
Summary
The House General & Housing Committee discussed updating state laws governing common‑interest subdivisions (HOAs and condominiums) to improve disclosures, reserve funding and maintenance practices and to consider establishing a resource center or database for buyers and owners.
The House General & Housing Committee discussed a review of Vermont law for common‑interest subdivisions — the statutory framework that governs condominiums, homeowners associations (HOAs) and similar arrangements — and identified areas for potential committee hearings and information gathering.
Members described the matter as less urgent than some housing items but important for…
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