HOAs Are Panicking Over This New Law (Video)

In this 1 July 2026 published video, host Michael Bordenaro talks about how homeowner associations are facing increased pressure due to federal reporting mandates under the Corporate Transparency Act, requiring data submission to FinCEN, alongside strict new state-level regulations in Colorado. These legislative changes are curbing HOA powers regarding fines and foreclosures, causing widespread operational anxiety.
California HOAs are panicking over legislation designed to combat surging housing costs. The primary concern is Senate Bill 1007, which proposes capping annual HOA fee increases at 8 percent without a homeowner vote—down from the previous 20 percent limit. Boards argue this threatens their ability to perform critical repairs.
A previous bill capped most HOA fines at $100 per violation and overhauled dispute resolution processes. Disaster Rebuild Protections bill (SB 625):assists homeowners impacted by declared disasters (like fires or floods). They are now legally protected to rebuild essentially the same home, overriding restrictive HOA rules. EV Charging bill (SB 770) states the Association can no longer force homeowners to name the HOA as an additional insured party on personal insurance policies to install EV chargers, drastically simplifying the approval process. Also, condo communities face severe liability for failing to complete mandatory safety inspections on exterior elevated elements.
https://youtu.be/Vm6cyqt5sFQ
00:00 New California HOA Law (SB 1007)
01:34 HOA Fees vs. Mortgage Costs
02:56 Walking Tour: San Anselmo, CA
04:09 The Issue with Government Policies
05:10 HOA Fines & Transparency Laws
06:08 Why Opponents Disagree with Fee Caps
07:25 HOA Reserve Funding & Florida vs. California
08:38 Rising Costs: Insurance & Construction
09:40 The Growing Prevalence of HOAs
10:44 Historic Bricks from 1906 Earthquake
12:00 The “Hidden Tax” of Mortgage Shopping
15:09 Why 25 Million Adults are Living at Home
16:40 The Psychological Impact of Living with Parents
18:44 Is Inheriting the Only Way to Own a Home?
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