Governor DeSantis met with government officials, condo owners and property managers last week in Pinellas County. The purpose of the meeting was to gather ideas about how to deal with the year-end deadlines related to SB 4-D issues.
DeSantis promised legislative reforms by the end of the year and would call a special session with the Florida legislature if necessary.
Some of the ideas put forward include:
Separating critical safety structural repairs that need immediate attention from preventive repairs that should be done.
Government supported zero interest loans to condo associations and or individual unit owners to fund assessments.
Focus on making unit owners aware of all structural and nominal repair issues in the spirit of full transparency.
Allowing owners and management more discretion in scheduling of non-critical repairs.
The goal is to strike a balance between required safety measures and imposing financial burdens on associations unit owners.
The 30-Year
Fixed-Rate Mortgage
Reaches Lowest Level
in Two Years
Although this week’s decline was slight, the 30-year fixed-rate mortgage trended down to its lowest level in two years. Given the downward trajectory of rates, refinance activity continues to pick up, creating opportunities for many homeowners to trim their monthly mortgage payment. Meanwhile, many looking to purchase a home are playing the waiting game to see if rates decrease further as additional economic data is released over the next several weeks.
Hurricane Helene
Expected to make landfall on Florida’s Big Bend this evening as at least a Category 3 hurricane, bringing the risk of devastating damage. The storm was 195 miles southwest of Tampa as of 2 p.m. ET, traveling northeast at 16 mph.
Low Tide at Johns Pass today is 3:20 pm. That’s good timing for Pinellas Beaches.
