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After the Florida building collapse, condos struggle to fund big repairs After the Florida building collapse. Condo owners are facing a financial reckoning in the wake of the building collapse in Surfside, Fla., that killed at least 86 people and left more than 40 unaccounted for. Across the country, residents and board members are discovering that they haven t set aside enough money to pay for major repairs, like aging roofs. This funding crunch is rattling developers and property owners, and could increase housing costs for millions of Americans, who often view condominiums as a low-stress, lower-cost alternative to single family homes. There are about 160,000 condominium buildings in the U.S. Though industry officials can t put a price tag on how much maintenance is needed nationwide, Robert Nordlund, the CEO of Association Reserves - which advises condominium and homeowners associations on setting aside money for repairs - said the figure is staggering.

United statesFairfax countyKathy ortonFreddie macJohn david allenTom skibaTim craigLaura sebastianelliBill hicksMargaret crowleyJoel meskinJim rileyRobert nordlundJerry hillTeo armusCensus bureau