HOA and Metro District News

HOA life can be complicated even for those who think they know what they are doing. The below articles talk about many issues to common-element living. It includes legislative acts, the insurance industry, regulatory policies and practices in Colorado and the nation.

Heather Ridge and surrounding HOA Fees as of Jan 23, 2025

• Data derived from REColorado.com. Fees may be based on square footage. Verify before using data.

• Due to rising insurance costs OR insurance policy renewals not synchronized to match the start of budget years, annual budgets may be amended as needed.

• Fees usually change the first of each year in Heather Ridge community. Check for special assessments!

• Check if your HOA's general insurance is a 5% or 10% deductible. If greater than 5%, FNMA-Freddie Mac won't fund a mortgage in your community. Exceptions could exist based on individual HO-6 insurance coverage.

At this time of the year, December, many HOAs have their Annual Meetings about the next year's budget - 2025. All changes for monthly fees will be listed above as soon as they go into effect. Some HOAs have had to postpone their meetings due to scheduling problems or completed budgets pending insurance costs. There seems to be three options being discussed by HOA boards: No changes, increase by 10%, or increase by $100 each level of monthly fees.