@mattlaricy: Starting January 4, 2027, Fannie Mae and Freddie Mac are increasing the minimum reserve contribution for condo budgets from 10% to 15% of annual assessment income. I’ve been part of and am currently part of multiple condo boards. I can see how this is going to play out. Majority of these boards already struggle to get to that 10% as is. If that number needs to go up another 5% HOAs are slowly going to start to increase over the next several years. My prediction is that number could be up to 40%. Tune in to episode 211 of Laricy Live where I sit down with Ben Cohen and... as I like to call him... Condo Collin to discuss what these new Fannie Mae and Freddie Mac laws mean for the Chicago real estate market. #laricylive #realestateexpert #realestatepodcast #fanniemaefreddiemac #HOAs

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Matt Laricy

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Wednesday 16 September 2026 14:33:11 GMT

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dvt Dennis :

If they stop deferring needed maintenance until it becomes a safety issue it would help.

DaGoalie1 :

already hit 10% we will put the extra 5% next year. minor inconvenience. hoa increase is 3.5%. no maintenance is deferred, we're on budget. manage correctly and it wont be an issue. in a high-rise btw

Lifeafterwork :

Time to deconvert these highrises back to rentals.

Brady :

That’s my biggest issue with purchasing a condo. Why am I paying more fees for my 2 bedroom vs the 1 bedroom who has double occupancy while I’m single tenant. That plus the tax rate, might as well rent.

brend_over :

Bro said 🥸

Darkhorse45 :

What is “annual assessment income” that the percent increase is based off of? How is that different than the HOA? If purchasing a condo how does one get that figure?

tonysssssa :

Honestly I just feel sorry for condo owners at this point. Unfortunate situation

Margaret :

Rents go up

snackpack :

Joe Gattone :

How many of these buildings' HOAs will even try to appease the new requirement?

Bopper :

This is so dramatic, it’s a 5% increase IF you weren’t putting 10%. Good buildings were already doing 15%

gurmafnlgoq :

Better than getting hit with a special assessment? Right

Horv :

You guys are so kool in your lil fancy socks @Tay🫶🏼 realtors are kewl people

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