Condominium Planned Development Land Project
Condominium Conversions Planned Development Mobile Homes
Stock Cooperative Community Apartment
Stock Cooperative Conversion Undivided Interest
Limited Equity Housing Corporation Undivided Interest Land Project
Regardless of the type of common interest subdivision you are involved with, completing a Duplicate Budget Package (DBP) for Department review is very important. Golden Consulting Group specializes in the budget preparation of RE Form 623 Budget Worksheet, RE Form 624A (HOA Common Facilities) and Re Form 611A (Planned Construction Statement) if applicable.
Golden Consulting Group budgets are a good faith estimate from plans prior to construction and/or completion (for new projects) or from a combination of plans and/or site inspections (for existing projects). For existing projects there may have been historical data as support for some line items, but changes to the project may make some historical data not applicable or reliable. Our budgets are prepared for the purpose of obtaining a public reports.
Projects which are being converted to, or built as condominiums, stock cooperatives, TIC's an RE 639 and reserve study must be completed and included with the DBP.
Existing Homeowners Associations
Submitting a DBP is basically the same procedures apply unless the subdivider is no longer in control. If the subdivider is not in control then the association will need to provide additional information such as financial statements, last reserve study, assessment and reserve funding disclosure form, current budget, and a statement of past due delinquencies.