Webinar: Enhancing Community Safety

This webinar covers the critical 2023 updates to the Reserve Study Standards and their impact on community associations, including how they directly enhance community safety. We define the role of reserve studies in long-term financial planning and highlight key revisions, including the mandatory disclosure of long-life assets, the integration of preventative maintenance practices, and the importance of structural inspections for mid- and high-rise buildings. This webinar also explores updated study terms, frequency requirements, and the newly defined concept of ‘adequate reserves.’ We provide a brief update on Fannie Mae and Freddie Mac guidelines and their alignment with these changes. Watch this webinar to understand how these updates can improve financial planning, ensure community stability, and enhance safety through informed reserve management. This webinar is also available to view on YouTube.