Tuesday, May 13, 2025
  • Login
No Result
View All Result
ForexTV
  • News
    • Top Corporate News
    • Lifestyle
    • Technology
    • Financial Markets News
  • Small Business
    • Digital Marketing Blog
    • Small Business Best Practices
    • Small Business Strategy
      • Sales Strategies
      • Marketing Strategies
  • Business Finance
    • Small Business-Lending Trends
    • Debt Service Coverage Ratio (DSCR)
    • Business Credit
      • Business Credit Blog
      • Business Loans
      • Merchant Cash Advances
      • Business Line of Credit
      • What is Alternative Business Lending?
    • Resources
      • Debt Service Coverage Ratio (DSCR) Calculator
  • Currency Focus
    • Crypto Focus
      • Bitcoin (BTC)
      • Ethereum (ETH)
      • Tether
      • BNB
      • Cardano (Ada)
      • Ripple (XRP)
      • Solana (SOL)
      • Dogecoin (DOGE)
      • Polkadot (DOT)
      • Tron (TRX)
      • Shiba Inu (SHIB)
      • Litecoin (LTC)
    • EURO (EUR)
    • Japanese Yen (JPY)
    • Great British Pound (GBP)
    • Swiss Franc (CHF)
    • New Zealand Dollar (NZD)
    • Canadian Dollar (CAD)
    • Australian Dollar (AUD)
  • Resources
    • Economic Calendar
    • Trader Education
      • Candlestick Pattern Intro
    • Live Forex Rates/Charts
      • Live Rates
      • Live Charts
    • Forex Trader Tools
      • Pivot Point Calculator
      • Currency Converter
      • Global Statistic Resources
    • Trading Terms
      • Forex Glossary
      • Glossary of Retirement Industry Terms
    • CPI Tools
      • CPI Inflation Calculator
      • CPI Average Price Calculator
  • Marketing Services
    • Digital Marketing Services
    • Digital Marketing Consulting
    • Search Engine Optimization (SEO)
    • Online Content Marketing
    • Digital Marketing Blog
    • Inbound Marketing Services
    • Email Marketing
    • Digital Marketing Rates
  • News
    • Top Corporate News
    • Lifestyle
    • Technology
    • Financial Markets News
  • Small Business
    • Digital Marketing Blog
    • Small Business Best Practices
    • Small Business Strategy
      • Sales Strategies
      • Marketing Strategies
  • Business Finance
    • Small Business-Lending Trends
    • Debt Service Coverage Ratio (DSCR)
    • Business Credit
      • Business Credit Blog
      • Business Loans
      • Merchant Cash Advances
      • Business Line of Credit
      • What is Alternative Business Lending?
    • Resources
      • Debt Service Coverage Ratio (DSCR) Calculator
  • Currency Focus
    • Crypto Focus
      • Bitcoin (BTC)
      • Ethereum (ETH)
      • Tether
      • BNB
      • Cardano (Ada)
      • Ripple (XRP)
      • Solana (SOL)
      • Dogecoin (DOGE)
      • Polkadot (DOT)
      • Tron (TRX)
      • Shiba Inu (SHIB)
      • Litecoin (LTC)
    • EURO (EUR)
    • Japanese Yen (JPY)
    • Great British Pound (GBP)
    • Swiss Franc (CHF)
    • New Zealand Dollar (NZD)
    • Canadian Dollar (CAD)
    • Australian Dollar (AUD)
  • Resources
    • Economic Calendar
    • Trader Education
      • Candlestick Pattern Intro
    • Live Forex Rates/Charts
      • Live Rates
      • Live Charts
    • Forex Trader Tools
      • Pivot Point Calculator
      • Currency Converter
      • Global Statistic Resources
    • Trading Terms
      • Forex Glossary
      • Glossary of Retirement Industry Terms
    • CPI Tools
      • CPI Inflation Calculator
      • CPI Average Price Calculator
  • Marketing Services
    • Digital Marketing Services
    • Digital Marketing Consulting
    • Search Engine Optimization (SEO)
    • Online Content Marketing
    • Digital Marketing Blog
    • Inbound Marketing Services
    • Email Marketing
    • Digital Marketing Rates
No Result
View All Result
ForexTV
No Result
View All Result
ADVERTISEMENTS
club Felene

CAI Applauds N.J. Lawmakers for Passing Comprehensive Condo Safety Legislation

by GlobeNewswire
January 12, 2024
in Top News
Reading Time: 4 mins read

New procedures will help ensure the safety, stability, and resilience of condominiums and cooperatives for generations to come.

Falls Church, Va., Jan. 12, 2024 (GLOBE NEWSWIRE) — Community Associations Institute (CAI), the leading international advocate for condominiums, homeowners associations, and housing cooperatives, applauds New Jersey lawmakers for passing comprehensive and meaningful condominium safety measures to support the 1.5 million residents living in the state’s community associations. 

On Jan. 8, Gov. Phil Murphy (D) signed S2760/A4384, a new law that codifies additional procedures for inspecting, evaluating, and maintaining the structural integrity of certain residential housing structures across state. Over the past two years, CAI’s New Jersey Legislative Action Committee spearheaded the legislation, which includes a framework largely based on CAI’s Condominium Safety Public Policy Report recommendations. CAI worked closely with state Sens. Troy Singleton (D) and Linda Greenstein (D) and Assembly members Yvonne Lopez (D) and Benjie Wimberly (D).

“The law represents a transformational sea change in the lives of New Jersey’s community associations. In addition to protecting residents living in mid- and high-rise buildings, it will, over time, end the trauma associated with special assessments. It’s a shock for governing boards and owners when there aren’t enough reserve funds available to pay for much needed common element repairs and replacements,” says J. David Ramsey, an attorney with Becker law firm in Morristown, N.J., a fellow in CAI’s College of Community Association Lawyers, and a CAI past president. 

The law amends New Jersey’s Uniform Construction Code Act to ensure periodic inspections for certain new and existing condominiums and cooperatives; it also mandates a structural inspection report as part of the Planned Real Estate Full Disclosure registration process. The New Jersey Planned Real Estate Act also is amended to require standards for the periodic completion of capital reserve studies. 

“New Jersey has taken a tremendous step toward preventing the human tragedy that occurred in Surfside, Fla.,” says Ed San George, PCAM, president of INTEGRA Management in Mount Arlington, N.J. “As buildings age, inevitable deterioration occurs. When proper inspections and maintenance of structural components are delayed, costs can be extensive.”

Since the tragic partial collapse of Champlain Towers South Condominium in Surfside, Fla., in June 2021 that claimed 98 lives, CAI has been committed to making sure such an event never happens again. Over the past two-and-a-half years, CAI and its affiliate, the Foundation for Community Association Research, have developed the Condominium Safety Public Policy Report, updated Reserve Study Standards, and Best Practices: Community Association Maintenance. 

“The legislation in New Jersey is based on these efforts and could not have happened without them. I am proud to be a part of this vision and to watch as it helps communities remain both structurally safe and financially secure across the country,” says Mitchell Frumkin, PE, RS, president of Kipcon engineering in North Brunswick, N.J., and a CAI past president. 

Three states—California, Florida, and New Jersey—and municipalities including Denver and Seattle now have building inspection laws. Façade inspection ordinances are on record in more than 12 major cities including Boston, Chicago, New York, and Philadelphia. 

Additionally, reserve studies or a reserve schedule for condominium associations are required in the following 12 states: California, Colorado, Delaware, Florida, Hawaii, Maryland, Nevada, Oregon, Tennessee, Utah, Virginia, and Washington State. Reserve funding for condominium associations is required in the following 12 states: Connecticut, Delaware, Florida, Hawaii, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, Ohio, and Oregon.

“We are very pleased that New Jersey policymakers passed this comprehensive legislation that will make certain that no matter where a condominium or cooperative is located in the state, they will be periodically inspected with information shared with unit owners, local building officials, and prospective buyers,” says Dawn M. Bauman, CAE, CAI’s chief strategy officer.

CAI will continue working with policymakers to support condominium communities as they navigate these new requirements. In addition, CAI will use the legislation now adopted in Florida and New Jersey as model language for other states as they consider adopting similar measures. 

For more information, access CAI’s condo safety resources at www.condosafety.com.

###

Media Contact:
Daniel Brannigan
Senior Director of Publishing
dbrannigan@caionline.org | (703) 970-9233

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 358,000 homeowners associations, condominiums, and housing cooperatives in the United States and millions of communities worldwide. With more than 45,000 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 and Facebook @CAISocial.

CONTACT: Daniel Brannigan
Community Associations Institute
703-970-9233
dbrannigan@caionline.org

  • Author
  • Recent Posts
GlobeNewswire
GlobeNewswire
GlobeNewswire,is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
GlobeNewswire
Latest posts by GlobeNewswire (see all)
  • Microcars Market worth $49.00 billion by 2032, Globally, at a CAGR of 4.2%, says MarketsandMarkets™ - May 13, 2025
  • Northland Power Reports First Quarter 2025 Results - May 13, 2025
  • Cleanfarms Celebrates 15 Years of Agricultural Sustainability Leadership - May 13, 2025
ADVERTISEMENTS
americas favorite vodka

Related Posts

Microcars Market worth $49.00 billion by 2032, Globally, at a CAGR of 4.2%, says MarketsandMarkets™

by GlobeNewswire
May 13, 2025
0

Delray Beach, FL, May 13, 2025 (GLOBE NEWSWIRE) -- Microcars Market is projected to grow from USD 36.75 billion in...

Northland Power Reports First Quarter 2025 Results

by GlobeNewswire
May 13, 2025
0

Oneida commenced operations. Baltic Power and Hai Long projects continue to make construction progress. TORONTO, May 13, 2025 (GLOBE NEWSWIRE)...

Cleanfarms Celebrates 15 Years of Agricultural Sustainability Leadership

by GlobeNewswire
May 13, 2025
0

Pesticide and fertilizer containers under 23L Pesticide and fertilizer containers under 23L, prepared for drop-off at a collection site to...

High Wire Networks Reports First Quarter Earnings Revenue Growth and Operating Margin Increases

by GlobeNewswire
May 13, 2025
0

BATAVIA, Ill., May 13, 2025 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity,...

Freehold Royalties Announces First Quarter 2025 Results

by GlobeNewswire
May 13, 2025
0

CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results...

Peyto Reports First Quarter 2025 Results

by GlobeNewswire
May 13, 2025
0

CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto" or the "Company") is pleased...

Next Post

Innovative Food Holdings, Inc. Announces Restructuring of Home Gourmet E-Commerce Business, and Divestiture of Other Non-Core Businesses

Please login to join discussion
ADVERTISEMENTS
ForexTV Digital Marketing

Latest Posts

  • Microcars Market worth $49.00 billion by 2032, Globally, at a CAGR of 4.2%, says MarketsandMarkets™ May 13, 2025
  • Northland Power Reports First Quarter 2025 Results May 13, 2025
  • Cleanfarms Celebrates 15 Years of Agricultural Sustainability Leadership May 13, 2025
  • High Wire Networks Reports First Quarter Earnings Revenue Growth and Operating Margin Increases May 13, 2025
  • Freehold Royalties Announces First Quarter 2025 Results May 13, 2025
  • About Us
  • Advertise
  • Careers
  • Contact
Privacy Policy / Terms and Conditions

© 2024 ForexTV.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Cookie Policy
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • News
    • Top Corporate News
    • Lifestyle
    • Technology
    • Financial Markets News
  • Small Business
    • Digital Marketing Blog
    • Small Business Best Practices
    • Small Business Strategy
      • Sales Strategies
      • Marketing Strategies
  • Business Finance
    • Small Business-Lending Trends
    • Debt Service Coverage Ratio (DSCR)
    • Business Credit
      • Business Credit Blog
      • Business Loans
      • Merchant Cash Advances
      • Business Line of Credit
      • What is Alternative Business Lending?
    • Resources
      • Debt Service Coverage Ratio (DSCR) Calculator
  • Currency Focus
    • Crypto Focus
      • Bitcoin (BTC)
      • Ethereum (ETH)
      • Tether
      • BNB
      • Cardano (Ada)
      • Ripple (XRP)
      • Solana (SOL)
      • Dogecoin (DOGE)
      • Polkadot (DOT)
      • Tron (TRX)
      • Shiba Inu (SHIB)
      • Litecoin (LTC)
    • EURO (EUR)
    • Japanese Yen (JPY)
    • Great British Pound (GBP)
    • Swiss Franc (CHF)
    • New Zealand Dollar (NZD)
    • Canadian Dollar (CAD)
    • Australian Dollar (AUD)
  • Resources
    • Economic Calendar
    • Trader Education
      • Candlestick Pattern Intro
    • Live Forex Rates/Charts
      • Live Rates
      • Live Charts
    • Forex Trader Tools
      • Pivot Point Calculator
      • Currency Converter
      • Global Statistic Resources
    • Trading Terms
      • Forex Glossary
      • Glossary of Retirement Industry Terms
    • CPI Tools
      • CPI Inflation Calculator
      • CPI Average Price Calculator
  • Marketing Services
    • Digital Marketing Services
    • Digital Marketing Consulting
    • Search Engine Optimization (SEO)
    • Online Content Marketing
    • Digital Marketing Blog
    • Inbound Marketing Services
    • Email Marketing
    • Digital Marketing Rates

© 2024 ForexTV.com