When you are deciding how to invest the reserve funds of your

homeowners association, the first place you should look for

guidance is your governing documents. But, as we point out in our

just-posted article, those documents are often full of vague

language when it comes to an investment philosophy, and many HOAs

don't include one at all.

If your HOA doesn't have a documented reserve investment

philosophy, you may find it instructive to review the policies of

other community associations. Many are available for your review

through simple web search. I've posted eight sample policies below.

These links redirect to publicly posted web documents.

• Sample 1
• Sample 2
• Sample 3
• Sample 4
• Sample 5
• Sample 6
• Sample 7
• Sample 8

It should go without saying that another association's policy may

not be appropriate for your situation.

Still, the more educated you are about HOA investment philosophy

policies, the more you'll be able to judge what does fit your

association's needs.

As you review these documents, you may be inspired to wonder how

many of your HOA's documents are discoverable by the public on

the web. It wouldn't hurt to check. When was the last time you

googled your HOA?

Best regards,

Matt Humphrey

President

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