COVID-19 Community Association Assessment Impact Survey

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* 1. In what country do you live?

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* 2. In what state or U.S. territory do you live?

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* 3. Community Association Type

homeowners association

condominium association

housing cooperative

townhome community

mixed association type (i.e., HOA with condominium or townhome)

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* 4. What was the association’s assessment delinquency rate in February 2020? (total should equal 100%)

% current

% 31 to 60 days delinquent

% 61 to 90 days delinquent

% greater than 90 days delinquent

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* 5. What is the association’s current assessment delinquency rate? (total should equal 100%)

% current

% 31 to 60 days delinquent

% 61 to 90 days delinquent

% greater than 90 days delinquent

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* 6. Has the association experienced an increase in homeowner requests for assessment payment plans or forbearance as a result of the COVID-19 global pandemic?

Yes

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* 7. Has the association experienced cash-flow constraints or reductions in working capital that have limited the association’s ability to meet payroll or accounts payable obligations as a result of the COVID-19 global emergency?

Yes

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* 8. Has the association needed to secure working capital through a loan, borrowing from reserves, increasing regular assessments, proposing a special assessment, or other means as a result of the COVID-19 global emergency? (check all that apply)

Yes, we borrowed through the Small Business Administration

Yes, we borrowed from our local banking partner

Yes, we borrowed from our reserve funds

Yes, we increased our regular assessments

Yes, we approved a special assessment

Other (please specify)

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* 9. Has the association taken any actions to reduce expenses out of concern for future revenue due to the COVID-19 global pandemic?

Yes

Other (please specify)

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* 10. How strongly do you agree or disagree with the following statement: I expect assessment delinquencies will increase in 2020 as a result of the COVID-19 global pandemic.

Strongly Agree

Agree

Neutral

Disagree

Strongly Disagree

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* 11. How strongly do you agree or disagree with the following statement: Over the course of 2020, I expect the association will need to secure additional working capital through a loan, borrowing from reserves, increasing regular assessments, proposing a special assessment, or other means as a result of the COVID-19.

Strongly Agree

Agree

Neutral

Disagree

Strongly Disagree

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* 12. Based on current conditions, how confident are you the association’s budget will be fully funded as adopted through the end of the current budget year?

Very Confident

Confident

Neutral

Less Confident

Not confident at all

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* 13. Does your community association engage a professional community association manager or management company (fulltime, part-time, contract)?

Yes

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* 14. Does your community association have direct (non-contract) employees (full-time or part-time)?

Yes

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* 15. Date

Date / Time

Date

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* 16. contact information

Name

Community Association/Company

Email Address

Phone Number

COVID-19 Community Association Assessment Impact Survey

Question Title

* 1. In what country do you live?

Question Title

* 2. In what state or U.S. territory do you live?

Question Title

* 3. Community Association Type

Question Title

* 4. What was the association’s assessment delinquency rate in February 2020? (total should equal 100%)

Question Title

* 5. What is the association’s current assessment delinquency rate? (total should equal 100%)

Question Title

* 6. Has the association experienced an increase in homeowner requests for assessment payment plans or forbearance as a result of the COVID-19 global pandemic?

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* 7. Has the association experienced cash-flow constraints or reductions in working capital that have limited the association’s ability to meet payroll or accounts payable obligations as a result of the COVID-19 global emergency?

Question Title

* 8. Has the association needed to secure working capital through a loan, borrowing from reserves, increasing regular assessments, proposing a special assessment, or other means as a result of the COVID-19 global emergency? (check all that apply)

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* 9. Has the association taken any actions to reduce expenses out of concern for future revenue due to the COVID-19 global pandemic?

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* 10. How strongly do you agree or disagree with the following statement: I expect assessment delinquencies will increase in 2020 as a result of the COVID-19 global pandemic.

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* 12. Based on current conditions, how confident are you the association’s budget will be fully funded as adopted through the end of the current budget year?

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* 13. Does your community association engage a professional community association manager or management company (fulltime, part-time, contract)?

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* 14. Does your community association have direct (non-contract) employees (full-time or part-time)?

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* 15. Date

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* 16. contact information

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* 17. Please share any other comments.