Assistance Fund for Seniors in California HOAs

Hi,

We are not aware of any grant money available to seniors who live in an HOA and need assistance paying assessments. That being said, California Civil Code § 5605 dictates that an HOA board may not “impose a regular assessment that is more than 20 percent greater than the regular assessment for the association’s preceding fiscal year or impose special assessments which in the aggregate exceed 5 percent of the budgeted gross expenses of the association for that fiscal year without the approval of a majority of a quorum of members, pursuant to Section 4070, at a member meeting or election.”