I was a bit taken aback this morning while reviewing the SuperPAC donation information in the New York Times, to see that a Florida HOA, The Villages of Lake Sumter, Inc., had donated $250,000 to support a pro-Romney SuperPAC. That struck me as a bit of a conflict, and probably a breach of the Association’s fiduciary duties.
Further research, however, indicates that membership in and payment of homeowner dues in the associations created in the Villages are optional, at least according to this article in Wikipedia. (If it’s in Wikipedia, it has to be true, right?. Just like if a candidate says it during a debate?)
I suppose that means that I’ll need to create an exception to my standard line that one of the three requirements of a community association is mandatory membership and mandatory assessments; there’s at least one exception in Florida. I presume that the $250,00 thus came from the developer’s profits, and not from owners’ dues.
Even if it’s the developer’s money, do you think community associations should support political candidates?