Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Virginia housing work group backs disclosure on developer 'declarant control'
Summary
A Virginia Housing Commission work group agreed without objection to recommend draft disclosure language requiring sellers of new associations to notify buyers about a developer's reserved right to declare control and appoint association boards; the measure is disclosure-only and does not change contract obligations, staff said.
The Neighborhood Transitions, Local Land Use and Community Living work group of the Virginia Housing Commission agreed to forward draft disclosure language to the full commission that would require clearer notice to purchasers when a developer has reserved rights to declare control of a homeowners association.
Jessica (staff member) told members the small group reached consensus that a disclosure modeled in part on condominium…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
