| bylaws of homeowners association
16 low-income homes located on 4 different streets in New York were sponsored by the city of new york a few years ago. 9 of these homes are on a private street, with one other street immediately nearby. the homeowners of this HOA have had to deal with numerous defects on their homes and after the sponsors handed over the association to the owners the meetings had no other purpose than to discuss the defects which todate has not being resolved for many of the homeowners. the offering memo for this HOA has no clear guideline on how to make revisions to the bylaws. some of these homeowners do not understand that there is a deed restriction on their homes other than they have to pay monthly dues; there is no guidance on reserve funding; etc. The main purpose of this HOA is the maintenance of the above-mentioned private street. It was not mentioned in the offering memo that taxes would have to be paid to the Dept. of Finance (late assessment of $8,000.00+). How can the homeowners who are not living on this private street be cleared of this restriction of this restriction on their homes? How can this HOA be changed to a Block Association? Or what can be done legally to the bylaws to make this a fair deal to all concerned - do we necessarily need to retain an attorney? Thanks very much. | 
08-13-2001, 04:39 PM
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