---
title: Can board member provide our HOA with a loan?
description: Can a board member provide a loan to our HOA or condo association?
image: https://www.condoassociation.com/hs-fs/file-13173042-jpg/images/loan1-resized-600.jpg
---

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# Can board member provide our HOA with a loan?

| [Condo Association Loans](https://www.condoassociation.com/blog/topic/condo-association-loans) |  

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## What do you think? Question:

![hoa loans](https://www.condoassociation.com/hs-fs/file-13173042-jpg/images/loan1-resized-600.jpg)My [HOA](https://www.condoassociation.com/CondoAssociation/tabid/83434/Default.aspx) in California is carrying out some upgrades to our utility infrastructure that we expect will pay for themselves within a short time - 5 years or so. We'd like teh HOA to take out a loan to carry out the work. An officer of the HOA has offered to make the loan to the HOA on terms that are better than we've been able to find on the commercial market. Is this kind of transaction allowed?

More about [HOA loans](https://www.condoassociation.com/condo-association-loans/tabid/81563/Default.aspx)   

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## What do you think? Answers (2)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

## Related Posts

### [Why Cant Our Condo Association Get A Mortgage Loan?](https://www.condoassociation.com/blog/tabid/19257/bid/9579/Why-Cant-Our-Condo-Association-Get-A-Mortgage-Loan.aspx)

### [Does HOA loan effect condo owner's financials?](https://www.condoassociation.com/blog/does-hoa-loan-effect-condo-owners-financials)

### [Condo Reserve Empty - Assessment vs. Condo Association Loans](https://www.condoassociation.com/blog/tabid/19257/bid/8230/Condo-Reserve-Empty-Assessment-vs-Condo-Association-Loans.aspx)

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