CONDO OWNERS FACING NEW REGULATION COST -- IS THERE SOME HELP?

An Opinion By Julio Robaina

Published May 6, 2025

Financial help may be on the way. Please read an interesting press release:
 

JA Group of Florida Launches Program to Provide Financial Relief for Condo Owners!

JA Group of Florida has announced a groundbreaking program to provide financial relief to condominium owners facing skyrocketing costs due to increased building safety and reserve funding regulations. This initiative aims to help affected owners remain in their homes while addressing the critical safety measures mandated by recent legislation.

Following the tragic 2021 collapse of the Champlain Towers South condominium in Surfside, Florida, state lawmakers introduced stringent safety and financial reserve requirements for older condo buildings. While designed to prevent future catastrophes, these regulations have created significant financial challenges for condo owners, particularly those in older properties.

The program introduced by JA Group of Florida will provide financing options to include costs for necessary inspections, structural repairs, assessments, and mandated reserve funding. The program is designed to provide financial assistance to homeowners, ensuring they can comply with new safety measures and reserve requirements without being displaced.

"This program is about giving families the support they need to stay in their homes, even as we prioritize their safety and meet new regulatory requirements," said Julio Robaina, a former state representative who has long worked on condo and HOA issues and is leading this initiative.

Interested associations can learn more about the details of the program by contacting JA Group of Florida. The commitment from JA Group of Florida reflects a significant step toward balancing safety and affordability for Florida condo and home owner associations.

About JA Group of Florida

Headquartered in Miami, FL, JA Group of Florida is dedicated to providing innovative solutions and funding sources for condo and home owner associations. By championing responsible resource management and funding, the JA Group of Florida strives to ensure communities are safer, stronger, and more sustainable.
 

For more information please contact:

Julio Robaina 

(305) 343-0776 cell

[email protected]  |  [email protected]

He can help you getting all the necessary information to get the program started!