Senate committee advances HOA transparency bill amid industry pushback
SB 1007 would require clearer homeowner disclosures and cap annual HOA regular‑assessment increases to a measure tied to inflation (or similar index), while preserving options for special or emergency assessments; the committee advanced the bill after debate over solvency and implementation details.
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Senator Menjubar presented SB 1007, a measure aimed at increasing transparency in homeowners associations and limiting the size of regular annual assessment increases. The bill would require a simplified visual breakdown of HOA budgets for homeowners and propose capping regular assessment increases at an inflation‑based index or a differently negotiated ceiling.
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