---
title: Our condo association can't afford its own special assessment
description: Our condo association can't afford its own $25,000 assessment per unit.  Should we consider an HOA loan?
image: https://www.condoassociation.com/hs-fs/file-13172781-jpg/images/hoa_loan-resized-600.jpg
---

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# Our condo association can't afford its own special assessment

| [Condo & HOA Assessments](https://www.condoassociation.com/blog/topic/condo-hoa-assessments) |   [Board of Directors](https://www.condoassociation.com/blog/topic/board-of-directors) |  

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## What do you think? Question:

![hoa loans](https://www.condoassociation.com/hs-fs/file-13172781-jpg/images/hoa_loan-resized-600.jpg)Our complex is looking to ask for a 25K [assessment](https://www.condoassociation.com/condo-association-loans/tabid/81563/Default.aspx) per unit. How do people pay this type of assessment? That is a huge sum and I don't have that kind of money sitting around. It is hard enough in this economy to make my mortage payments. Do owners have to come up with the money up front even a payment plan would be hard for me? I doubt in this economic climate that some owner will be able to pay so this could be even high too.

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

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## What do you think? Answers (7)

#### 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. *  
  

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