The Aspen Pitkin County Housing Authority (APCHA) and the Housing Frontiers Group will be holding informational sessions for affordable housing homeowner’s associations on Wednesday, Jan. 20.
Mike Kelsen from Aspen Reserve Specialties will make several short presentations on the process of a new capital reserve study and what he will need from each HOA to complete the study. (Aspen Reserve Specialties will be performing a capital reserve study for APCHA’s entire deed-restricted program.)
“APCHA is experiencing more and more lenders requiring a certain amount of a capital reserve, along with other requirements, for a homeowner to sell their home or to refinance,” explained Cindy Christensen, operations manager for APCHA. “The study will show HOA’s what type of reserves they should have in order to maintain their complex, the life of the infrastructure, and when a major item would need to be repaired or replaced.”
The times and locations that are available on January 20th are as follows:
8:00 a.m. Plaza1 Meeting Room, 530 East Main, in back of the Clerk and Recorder’s Office
10:30 a.m. Plaza1 Meeting Room, 530 East Main, in back of the Clerk and Recorder’s Office
Noon Plaza1 Meeting Room, 530 East Main, in back of the Clerk and Recorder’s Office
4:00 p.m. Pitkin County Library Meeting Room, 120 North Mill, downstairs meeting room
5:30 p.m. Pitkin County Library Meeting Room, 120 North Mill, downstairs meeting room
Please RSVP to Cindy Christensen at cindy.christensen@ci.aspen.co.us or call at 970-920-5455.