COMMUNITY ASSOCIATIONS INSTITUTE HOSTS 2022 VIRTUAL ADVOCACY SUMMIT 200 condo and homeowners association advocates meet with Capitol Hill legislators and staff.
Oct. 20, 2022 — Falls Church, Va. — Advocating for the more than 74 million Americans living and working in community associations, commonly referred to as homeowners associations, condominium communities, and housing cooperatives, Community Associations Institute (CAI) hosted the 2022 Virtual Advocacy Summit, Oct. 19–21.
As the leading international authority in community association living, CAI's government and public affairs team connected 200 homeowners and industry professionals from 27 states with congressional offices to advance CAI's legislative priorities. Our advocates discussed financing condominium building repairs, Fannie Mae and Freddie Mac condominium and housing cooperative lending rules, and disaster assistance in community associations.
In addition, CAI provided legislators and staff with new education and resources detailing the community association housing model and its impact on the U.S. housing market. According to the latest data from the Foundation for Community Association Research, community associations are estimated to become the majority form of housing in the U.S. by 2040. The number of new condominium communities and homeowners associations is expected to increase by 5,000 by the end of 2022.
“With one in four Americans living in community associations today and thousands of new communities being built each year, we strongly believe that lawmakers must consider the impacts on communities on a wide range of policy issues—from mortgage lending to natural disaster relief," says Thomas M. Skiba, CAE, CAI's chief executive officer.
“When two-thirds of homeowners nationwide say that community guidelines protect and enhance their property values, and that safe and attractive neighborhoods are top benefits of condominium and homeowners association living, it's important for legislators to understand how these communities set the tone for the rest of the country as preferred places to live," says Dawn M. Bauman, CAE, CAI's senior vice president for government and public affairs.
For more information about CAI's advocacy priorities, visit www.caionline.org/Advocacy or follow @CAIAdvocacy on Twitter.
About Community Associations Institute Since 1973, Community Associations Institute (CAI) has been the leading provider of resources and information for homeowners, volunteer board leaders, professional managers, and business professionals in the more than 355,000 homeowners associations, condominiums, and housing cooperatives in the United States and millions of communities worldwide. With more than 43,000 members, CAI works in partnership with 36 legislative action committees and 64 affiliated chapters within the U.S., Canada, South Africa, and the United Arab Emirates as well as with housing leaders in several other countries, including Australia, Spain, and the United Kingdom. A global nonprofit 501(c)(6) organization, CAI is the foremost authority in community association management, governance, education, and advocacy. Our mission is to inspire professionalism, effective leadership, and responsible citizenship—ideals reflected in community associations that are preferred places to call home. Visit us at www.caionline.org and follow us on Twitter @CAIAdvocacy.
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