SmartProperty® helps Colorado HOAs and condominiums turn the state’s required reserve policy into a real plan. Existing associations don’t need a study by law, but a policy with nothing behind it leaves the board exposed.
The Colorado Common Interest Ownership Act asks every association what it plans to do about reserves, and HB26-1099 added a developer duty in 2026.
Colorado law says an internally conducted study is sufficient, but a volunteer-prepared study raises the risk of underestimates and liability claims. An independent specialist is the safer record.
HB26-1099 requires a 30-year study for new communities. An existing association has no such duty, but can use the same standard for its own plan.
Colorado sets no minimum funding. Fannie Mae’s reserve minimum rises from 10% to 15% of assessment income for loan applications dated on or after January 4, 2027, or the budget must fund a current study’s highest recommended contribution.
A site-inspected study to start, then updates as costs and conditions change, so the board always has a current plan.
The Living Reserve Study® updates as projects are completed and costs change, so your plan is ready for the next update or budget.
Model higher contributions, special assessments, loans or lines of credit side by side before you take a recommendation to owners.
Atlas shows the cost data and useful-life assumptions behind every figure, so boards can answer owner questions with confidence.
See how the Living Reserve Study® works for your community, or tell us about your association and we’ll put together a proposal.
Photo via Wikimedia Commons: Garden of the Gods at sunrise: mark byzewski, CC BY 2.0. Colorado law summary is not legal advice. Confirm your association’s obligations with Colorado counsel.