As of December 1, 2023, the HOA transferred from the builder to a resident-elected board.
Dear Homeowners — as of December 1, 2023, the responsibilities of our community's HOA were fully transferred from Brightland/Gehan Homes to us, the homeowners. Three volunteers were elected to the HOA board in the November 30, 2023 election: Ammar Bhaisaheb, Ian MacKinnon, and Dutt Tarigopulla.
We are working closely with PS Property Management to ensure a smooth transition from Brightland Homes, reviewing the current budget (including 2023 actuals), vendor contracts, and day-to-day operations. We will communicate updates frequently and gather homeowner input, and finalize the best communication platform.
A note on assessments: the yearly assessment for 2024 will mostly remain the same as last year — $625 for single-family homes and $587.90 for townhomes — due January 1, 2024.
While reviewing the budget, we identified issues that may warrant a mid-year 2024 increase (no more than $150 per homeowner): (1) builder contributions from Brightland/Gehan ending in 2024, reducing annual revenue by about $35K; (2) very minimal cash reserves — experts recommend building reserves equal to 2–3 years of operating expenses to avoid larger special assessments later; and (3) no current funding for needed community enhancements such as lights near the park and playground.
We'll keep everyone posted with frequent updates and appreciate your patience and participation. If you have any questions, please reach out at info@psprop.net.