Experts on HOA safety said they hope it’s enough.“They had a $3 million repair in the beginning. In 2018, it was a $9 million repair. And then 2021, it was at $16 million in repairs,” said David Rauch, an HOA safety expert who says as the price for repairs went up, the damage got worse. “And, of course, the ultimate expense at Champlain Towers was a loss of life.”The law requires statewide recertification of condos over three stories tall.
Rauch said it’s a good step, but he said there should be more inspections more often and that developers should be required to give a maintenance manual to show how, when and what to maintain.“That’s why Florida just passed this law. It does not require a maintenance manual and a maintenance program for that very reason,” Rauch said. “The developers are very powerful. They have a big voice in the Legislature. And that’s the problem. But this issue is going to continue to repeat.
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