House bill proposes disaster loans for homeowner association common areas
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Representative [Name not provided in source] introduced a bill in the House that would change the Small Business Act. The change would allow the Small Business Administration (SBA) to provide supplemental disaster loans specifically to homeowner associations (HOAs).
Why it matters: This is a targeted change to how the SBA handles disaster recovery, specifically aimed at helping HOAs fund repairs and preventative work for shared spaces.
Who it affects
- Homeowner associations (HOAs)
This bill was introduced in the House; please check Congress.gov for the most current status and full text before relying on this information.
Agency: House
Source: Congress.gov — read the official document