April 2018

every 4-5 years, but it also puts a structured painting or staining plan in place for years ahead. This often frees up time for managers to focus on other important community matters. It is important to note that while many community boards identify painting or staining schedules as a valuable service for their association, not all communities choose to actually imple- ment it. It’s more practical to paint or stain all buildings in one year when communities are relatively small and the budget allows for it. In addition, there are some instances when board members have a personal preference of wanting the entire community paint- ed at once. When deciding how many coats of paint or stain to apply while project

Our dedicated experts understand the needs of community associations.

Popular Association Banking serves the community association industry exclusively. We offer: • Financing for building repairs & capital improvements • Competitive fixed rates with terms up to 15 years Plus, your deposits are eligible for multi-million dollar FDIC insurance with ICS ® and CDARS ®1 . Contact our Mid-Atlantic

Relationship Officer: David Shahrabani, V.P. 917-656-1156 Toll-free: 800-233-7164 DShahrabani@popular.com

www.associationbankers.com

CONT I NU E S ON PAGE 42

Subject to credit approval. 1. ICS ® and CDARS ® are registered service marks of Promontory Interfinancial Network, LLC. ©2018 Banco Popular North America. Member FDIC.

41

A P R I L , 2 0 1 8