The Rocky Mountain chapter of the Community Associations Institute, an umbrella group for homeowners association boards and management companies, is offering an educational seminar Friday, April 29, for HOA boards and professionals focusing on surviving the economic downturn.

It’s open to the public and will provide tips for HOAs facing declining dues and experiencing neighborhood foreclosures, delinquencies and bankruptcies

“Running an HOA is like running a business,” said Brian Terhark, president of the Community Associations Institute – Rocky Mountain chapter.  “HOA boards and managers are trying to understand what the impact is to their bottom line.”

CAI reports a recent national survey found that more than half of the nation’s estimated 310,000 HOAs are enduring financial strain and 54 percent of the responding HOAs described their problems as “serious” or “severe.”

The conference Friday is designed to address questions including:

•  What is the role of the new Division of Regulatory Agencies HOA Information Office?
•  How can you secure a loan for your community?
•  What is the best way to collect delinquent assessments?
•  How should an HOA plan for natural disasters like a tornado, flood or hail storm?

The conference is part of  CAI-RMC’s annual Spring Showcase Conference.  Open to the public, this is the largest conference of its kind for Colorado HOAs and offers educational sessions to HOA managers, volunteer board members, homeowners and industry professionals who face increased challenges from the recession. 

The HOA conference is scheduled for 7:30 a.m. to 6 p.m., Friday, at the Wings Over the Rockies Air & Space Museum,    7711 East Academy Boulevard, Denver, 80230,  in Denver’s Lowry neighborhood.

For more information, go to www.hoa-colorado.org or call 303-951-4973.

Events Schedule – $70 registration fee includes:

• Breakfast and lunch
• Nine education sessions on:

• Delinquencies, Foreclosures and Deficits – Best practices for dealing with these issues
• Strategic Planning for an Emergency – How to prepare your HOA for a disaster
• 60 Questions in 60 Minutes – Free legal advice from leading HOA attorneys
• DORA Panel Discussion – Insight on the new HOA Information and Resource Office
• Managing the Basics of an HOA
• What I Wish I Would Have Known – Senior HOA managers share lessons learned
• Asbestos/Mold/Lead – How to identify and manage these hazards
• How to Build a Sense of Community Within Your HOA
• Close Encounters of a Dangerous Kind – How to handle fair housing requests

• Admission to the exhibit hall
• Complimentary conference bag and prizes

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