TownhomePros.com

Townhome & HOA Insights

Market updates, HOA guidance, and expert advice from Courtney and Tony Self and the team that lives and breathes South Bay townhome communities.

All Boards Policy Buying Finance Education Sacramento Watch

PolicyAugust 10, 2026

Sacramento Watch

Sacramento Watch: The Bill That Turns Your Reserve Gap Into a Special Assessment

If your association's reserve study has one number in it and no plan behind it, a bill moving through Sacramento would eventually turn that gap into a special assessment, on a schedule you do not get to pick.

PolicyAugust 3, 2026

Fannie Mae Raises Condo Reserve Minimum to 15%: What Boards Need to Do Before January

If your condo or townhome association budgets 10% toward replacement reserves, that number is about to be too low. Fannie Mae's new minimum is 15% of the annual budget, and loan applications dated on or after January 4, 2027 must comply.

PolicyJuly 29, 2026

The 15% Rule That Could Tank Your Condo's Value

Starting January 4, 2027, Fannie Mae requires HOAs to allocate at least 15% of their annual budget to reserves, up from 10%. Communities that miss the mark could lose warrantable status and see property values drop 5-30%.