Palm Beach County Commissioner Mike Barnett Calls on Florida Legislature to Convene a Special Session to Address Condo Crisis
FOR IMMEDIATE RELEASE
Contact: Laura Hanley
Commissioner Michael A. Barnett’s Office
Palm Beach County Commission District 3
561-601-7712
[email protected]
GREENACRES, FL – Commissioner Mike Barnett recently addressed the condominium special assessment crisis at the Board of County Commissioners meeting. Palm Beach County residents, many of whom are seniors living on fixed incomes and struggling with skyrocketing property insurance premiums, may now wind up losing their homes.
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“I have spoken at length with our distressed district residents, local legislators, and attorneys in the field, who say condominium owners’ only recourse may be to reverse mortgage their properties to pay the 5-6 figure assessments, which they cannot afford, or to sell their properties. This is unacceptable, these are people who have worked their entire lives and saved to live in paradise. Some may have to move in with their adult children; others may end up in shelters or on the streets. Our seniors deserve better than this”, said Barnett.
“Our residents need help. They need more time, and the clock is ticking towards the January 1st deadline when the SB 4-D condominium assessment legislation takes effect. I am calling on Tallahassee to reform this law. The Florida Legislature must immediately convene a special session to find a resolution and avert what could become a major disaster for the residents of District 3 and Palm Beach County.”
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