Pending California Legislation HOA Boards Should Know About | Ep. 94

Update (June 24, 2026): The Assembly committee hearing on SB 1007, scheduled for June 24, was canceled at the author's request. The bill has not been defeated or signed into law and remains active in the legislative process.The concerns discussed in this episode remain relevant, and there is still time for homeowners, board members, and community associations to make their voices heard. We'll continue to share updates as the bill moves forward.California’s HOA industry is facing several significant legislative proposals that could reshape how associations plan for reserves, fund operations, and address future maintenance obligations.Attorney Robert DeNichilo joins Matthew Holbrook to explain the role of the California Legislative Action Committee (CLAC), discuss the rationale behind AB 2050’s reserve funding requirements, and examine concerns surrounding SB 1007’s proposed assessment caps.Topics include:• What CLAC does and how it influences legislation• The reasoning behind AB 2050 and mandatory reserve funding• Deferred maintenance and the lessons learned from aging communities• Why reserve studies matter• How assessment caps could affect HOA finances• The relationship between reserve funding and special assessments• Fannie Mae and Freddie Mac reserve funding considerations• Ways HOA board members and managers can participate in advocacy efforts• Additional legislation involving HVAC systems, heat pumps, and election by acclamationTake action and learn more:https://www.votervoice.net/CAI/Campaigns/138083/RespondGuest:Robert DeNichilohttps://www.dlawapc.com/Follow The Uncommon Area for expert-led discussions on HOA law, governance, and property management best practices. Rather watch the episode? Subscribe to our YouTube channel or go to our page. Have a topic you’d like covered? Email us at [email protected] or follow us on Facebook, Instagram, or LinkedIn.TIMESTAMPS01:19 Meet Robert DeNichilo & CLAC04:56 AB 2050: Mandatory Reserve Funding06:08 Champlain Towers & Deferred Maintenance08:19 Massive HOA Special Assessments09:32 The Reserve Funding Formula11:23 Reserve Study Best Practices13:37 Will AB 2050 Pass?15:24 How HOA Leaders Can Influence Legislation18:57 SB 1007 Explained20:45 Assessment Caps & CPI22:13 Why Assessment Caps Create Problems23:53 Realtors, Lenders & Fannie Mae26:34 What HOA Boards Should Do Now28:05 The Conflict Between AB 2050 & SB 100730:00 Why HOA Leaders Need to Speak Up31:05 Predictions for SB 100733:07 Other Pending HOA Bills34:23 Election by Acclamation Changes34:59 When Will We Know the Outcome?35:52 Final Thoughts