Boards operating in Illinois need to navigate a wave of new regulations as of January 2024. Manage369 supports associations in adhering to each policy, helping avoid penalties and bolstering resident satisfaction. Here's a comprehensive summary of recent legal updates that every board member must understand.
🏘️ Key Legislative Updates You Must Know
A. Enhanced Aging-in-Place Standards (55+ Communities)
New rules prioritize homeowner safety in age-restricted communities with comprehensive requirements:
📋 Aging-in-Place Requirements
B. Electric Vehicle Charging Rights
Under Illinois's EV Charging Deployment Act, significant changes affect HOA parking and infrastructure policies:
EV Charging Key Points:
- Ban Prohibition: Any existing bans on owner-installed EV charging stations are now void
- Reasonable Accommodation: HOAs must offer a fair process for EV charging requests
- Permit Requirements: Associations may require permits and wiring transparency
- Non-Discrimination: Cannot discriminate against EV owners in parking assignments
- Bylaw Updates: Boards need to start updating parking bylaws and wiring logistics immediately
C. Road Agreements with Township Highway Commissioners
A significant change for larger communities offers more autonomy in road maintenance:
- Associations with more than 25 homes can now contract directly for road maintenance
- Shortened response timelines for repairs and maintenance
- Reduced cost overhead versus relying solely on township coordination
- Greater control over maintenance schedules and standards
D. Board Election and Meeting Protocols
Greater transparency and record-keeping requirements now mandate:
⚠️ New Meeting Requirements:
- Clearer Meeting Postings: Enhanced notice requirements with specific content mandates
- Shorter Report Deadlines: Reduced timeframes for distributing meeting materials to owners
- Documentation Standards: Heightened requirements for recording voting outcomes and decisions
- Electronic Participation: Clear guidelines for virtual meeting participation and voting
E. Audit Requirements
Financial transparency receives a major boost with new audit mandates:
- Associations with annual budgets above $250,000 must engage an independent CPA
- Audits required every three years minimum
- Reinforces public trust and financial integrity
- Results must be shared with all unit owners
Need Help with Compliance?
Manage369 can provide free policy templates, annual budget checklists, EV charging infrastructure referrals, and training materials to ensure your association meets all new requirements.
Get Compliance SupportImplementation Timeline and Next Steps
These legislative updates require immediate attention from board members. Here's your action plan:
✅ Implementation Checklist
How Manage369 Supports Your Compliance
With 18+ years of experience managing Chicago and North Shore associations, Manage369 provides comprehensive support for these new regulations:
- Policy Templates: Ready-to-use documents aligned with new requirements
- Budget Checklists: Ensure your financial planning meets audit standards
- Vendor Referrals: Vetted contractors for EV charging infrastructure
- Training Materials: Board education on all new legal requirements
- Ongoing Support: Regular updates as regulations evolve
These legislative updates also align with our emergency preparedness and financial best practice guides. See our related posts on Illinois Condominium Property Act compliance and HOA board responsibilities for seamless integration of these new requirements.
🎯 Key Takeaways
- January 2024 brings significant regulatory changes for Illinois HOAs
- Aging-in-place standards affect all 55+ communities
- EV charging rights cannot be restricted - update bylaws immediately
- Larger associations gain autonomy in road maintenance
- Enhanced transparency requirements for meetings and elections
- Audit requirements apply to associations with budgets over $250,000
Need Professional Property Management?
If you're looking for expert property management services in Chicago or the surrounding suburbs, our team is ready to help navigate these new regulations and ensure full compliance.
Schedule a ConsultationOr call us directly at (847) 652-2338