Cohousing-L Mailing List: Re: Investing reserves

[Joani Blank (jeblank]

David Mandel,

Thanks for bringing up this issue. Your post made me curious as to where our
long-term reserves are invested, and I aim to find out promptly and lobby
for a more socially conscious fund if they are not already in one. Those of
you who have never lived in a condominium before might like to know that the
law requires (David, is this true in all states?) that a Homeowner's
Association regularly put money into long term reserves. A periodic reserve
study is also required (in California every three years.) to assure the
state that your reserves are adequate as a percentage of the value of your
property. 

Joani Blank
Doyle Street and Old Oakland, on the East side of beautiful San Francisco
Bay. (Sorry about all that miserable weather back east)