HOA Developer Services Division ensures successful management of new communities from conception through build-out and beyond. This program assists developers with the establishment and transition of an association in an effort to ensure the long-term sustainability of a community.The dynamics of covenant-restricted communities in Texas are constantly changing due to market trends, land availability, and increased requirements mandated by changing laws. This is why it is increasingly important for developers to take extra care in creating community associations with supporting documentation that is thoughtful, adaptable and forward-thinking.
- Sales meeting attendance to educate teams on association-specific issues
- Facilitation of required registration with state-mandated agencies
- Assistance in the completion of the HOA reserve study
- Preparation of association budgets including the estimated reserve contribution requirement
- Assistance with the selection of qualified, professional vendors; the vendor qualification process includes verifying references, licensing and insurance
- Assurance of legal compliance including association Board meetings, annual membership meetings, and elections
- Oversight of association Board meetings including special elections and annual meetings
- Assistance with understanding the fiduciary responsibilities owed to the Association
- Initiation and allocation tracking of capital assessments and subsidy agreements
- Facilitation of the Architectural Review Committee (ARC) review process and submittals
- Facilitation of third-party inspections and creation of warranty and maintenance manuals
- Tracking and preparation of HOA common area turnover and transition documentation
- Assistance with homeowner correspondence and education to promote a sense of community from first occupancy