We’re tracking media coverage of the Minnesota HOA Reform legislation, and there was an article published by the Minnesota Reformer that covered the recent debate by the MN Senate and the shape in which it landed as it awaits its fate in the MN House.
The Reformer’s analysis:
Some senators — Republicans and Democrats — expressed concerns over the burden of the new regulations on HOA boards, which are usually staffed by volunteers. For HOAs that hire property management companies to run their daily operations, homeowners may see increased fees as the property managers bring the community documents into compliance with the new laws.
Of course, they end with a comment from Senator Susan Pha (DFL) on her attitude toward HOAs:
“HOAs wield enormous power — setting rules, levying fines, and even initiating foreclosures — yet they operate with little oversight and often without the basic transparency we expect from any governing body,” said Sen. Susan Pha, DFL-Brooklyn Park, one of the authors of the bill.
The Legislature only has a few days to chew through this legislation and decide what to do next. With a 50/50 split in the House and not much agreement on anything, the fate of this unnecessary legislation appears to be in jeopardy, but it’s really anyone’s guess.
You can read the whole thing here.
