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Archives: Current Issues

S-2545 Foreclosure Reform

To view CAI-NJ’s Action Alert on S-2545 CLICK HERE.

To view a copy of the bill CLICK HERE.

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S-1938 (Turner, D – Mercer) – Owners’ Rights and Obligations in Shared Ownership Communities Act.”

CAI-NJ has been working with both Senator Shirley Turner (D – Mercer) and Assemblyman Jerry Green (D – Union) on reforms that would address the concerns tackled in this bill without the one-size-fits-all approach in S-1938, which we have consistently opposed. With the hard work of our volunteers on the Legislative Action Committee, and the support of Assemblyman Green, CAI-NJ is proposing a nine bill package that should accomplish this […]

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A-869 (Sumter, D – Passaic) – Requires Division on Civil Rights

Knowing that this information is often vital to the homeowners we all serve, CAI-NJ was proud to stand with Assemblywoman Sumter in support of this important reform, which was signed by the Governor this summer and is now law. The bill requires the Division on Civil Rights and the Department of Community Affairs to make information available on their websites about our members’ disability accommodation rights under the “Law Against […]

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A-347 (Caputo, D – Essex; Rice, D – Essex) – Authorizes municipalities to impose penalties

This bill, which CAI-NJ supported as part of our multi-faceted efforts to help member communities weather the current recession, was signed by the Governor and is now law.

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S-1367 (Van Drew, D – Cape May) “The Common Interest Community Manager Licensing Act”

CAI-NJ continues to make the case for the licensure of Common Interest Community Managers, and has been working closely with CAI National in refuting the fiscal estimate of $1.2 million, cited by the Governor in his pocket veto message earlier this year.  By comparing the New Jersey proposal with laws in other states—namely Virginia, which has the most similar demographics—we have established that a licensure program would actually cost a […]

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CAI Sends Letter to Congress on Housing Finance Reform

CAI sent a letter to members of congress on behalf of its members to share comments and recommendations concerning the housing finance reform discussion draft released by Senators Crapo and Johnson on March 16. CAI highlights the following key issues for CAI Members in Housing Finance Reform legislation:

1. Ensure continuation of community association mortgage standards that directly support access to mortgage credit for association homeowners

2. Enhanced servicing standards to strengthen the community association model of housing […]

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CAI applauds the efforts of the U.S. Congress and President Obama

CAI applauds the efforts of the United States Congress and President Obama to reverse extreme flood insurance rate increases enacted by the Biggert-Waters Flood Insurance Reform Act of 2012. On March 21, 2014, President Obama signed into law the Homeowner Flood Insurance Affordability Act (H.R. 3370). 

“The Obama Administration realized the negative effects that Biggert-Waters would have had on community association homeowners. Although well intended, Biggert-Waters reforms would have created an […]

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Congress Sends Flood Insurance Rate Relief Bill to President

Community Associations Institute applauds the U.S. Senate for following the U.S. House of Representatives in approving H.R. 3370, the “Homeowner Flood Insurance Affordability Act.” The legislation will be forwarded to President Obama for his signature into law.

“Congress agreed with community association homeowners across the country that well-intended reforms to the National Flood Insurance Program went too far. CAI supports a National Flood Insurance Program that is not subsidized by American […]

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CAI Comments on Johnson/Crapo Agreement in Principle on GSE Reform

Thomas M. Skiba, CAE, Chief Executive Officer of Community Associations Institute, issued the following statement regarding an agreement in principle concerning housing finance reform legislation announced by Senate Banking Committee Chairman Tim Johnson (D-SD) and Senator Mike Crapo (R-ID).

Chairman Johnson and Ranking Member Crapo are to be commended for their diligent approach in crafting legislation to reform our nation’s housing finance system. CAI members believe the first principle in successful […]

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H.R. 3370 Homeowner Flood Insurance Affordability Act Passes House

On March 4, 2014, the U.S. House of Representatives passed H.R. 3370, the Homeowner Flood Insurance Affordability Act by a vote of 306-91. H.R. 3370 will go back to the Senate for a vote and then to the President for signature.

The legislation seeks to control some premium increases in the national flood insurance program (NFIP) that would have become burdensome to homeowners after the elimination of existing federal subsidies implemented […]

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