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The IPHA  Board applauds The Georgia HOA Accountability and Community Empowerment Act (HB62) that passed in the General Assembly this year. We are able to do so because we are already what the new law wants HOA’s to be. We are not the type of organization that the bill intends to reign in. Here are key aspects of the new law and how we measure up against it.
 

HB62

  • Board Structure of at least 3 members who are residents and homeowners
  • Mandatory annual elections
  • Required to register with the Secretary of State non-profit, (not a 501C3)
  • High, unsubstantiated fees
  • Curbs excessive fines
  • Eliminate aggressive and abusive practices
  • Transparency in operations and voted on by the community in the annual meeting

IPHA

  • 9 member Board of 4 Officers and 5 At-Large Members, all residents and homeowners
  • Open elections held in March of each year
  • Registered since inception with SOS as Irwin Place Homeowners Association, non-profit, (not a 501C3)
  • Lowest annual fees for ANY community at $250 Support Member, $400 Full Member
  • IPHA has never fined any homeowner, never initiated foreclosure actions
  • IPHA seeks and operates by cooperating with homeowners in the best interest of everyone
  • Annual Financial Report given in annual meeting.
  • Annual budget is presented to and voted on by the           community in the annual meeting

As you can see, we are unaffected by this new law. Moreover, we appreciate it because it helps to eliminate those organizations that give HOAs a bad name. Our overall concerns usually revolve around compliance with Rockdale County codes and Ordinances, and insurability and liability concerns with respect to our insurance  coverage for our common areas and amenities spaces. We are most grateful for supportive and conscientious residents that make Irwin Place a wonderful community.