Action Property Management

SB 1007 introduces an 8% cap on assessment increases tied to inflation, changing how California HOAs are able to plan for reserves and long-term infrastructure needs. While framed as a cost control measure, limiting assessment growth could create real strain for many communities already facing rising maintenance and insurance costs.

When reserve funding cannot keep pace with actual expenses, the risk often shifts to special assessments and deferred maintenance, both of which can place pressure on homeowners and potentially impact property values over time.

We break down what members of HOAs should be thinking about next.

Read now on actionlife.com/hoa-blog.