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Highview at Souderton HOA president tells borough council of management, safety and financing shortfalls
Summary
Adam Rich, president of the Highview at Souderton homeowners association, told council the community faces long-running management failures, a projected reserve shortfall that could push HOA fees to about $320 by 2028, nonfunctional streetlights, missing signage and disputes with a commercial tenant over assessments, and asked council to help hold the developer accountable.
Adam Rich, president of the Highview at Souderton homeowners association, told the borough council on Feb. 3 that the community has endured years of mismanagement tied to the original developer and its property manager and now faces mounting costs and safety gaps.
"I became immediately responsible for overcoming a more than $220,000 deficit in our budget," Rich said, describing a shortfall left when HOA fees were kept at a low introductory rate. He told council the association’s reserve underfunding and ongoing maintenance needs mean the HOA could face dues in the "$320 plus" range by 2028…
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