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Committee releases bill to license community management entities

Assembly Housing Committee · December 9, 2024
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Summary

The Assembly Housing Committee released A2450, which would require licensure of entities that manage common interest communities and authorize DCA to set standards and penalties. Supporters said licensure can protect homeowners; industry stakeholders requested amendment opportunities.

Assemblywoman Sherry Lopez's Assembly Housing Committee voted to release Assembly Bill 2450, a proposal to require licensure of community management entities that contract to provide management services to common interest communities, including condominiums, cooperatives and homeowners associations.

The bill, read into the record by committee staff, directs the Commissioner of Community Affairs to…

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