Reserve funding plan in Hollywood
Turn the study into a budget the board can lawfully adopt.
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We arrange and coordinate reserve funding plans for condo and co-op associations in Hollywood, working to the rules of the City of Hollywood Building Division from the first notice to the final report.
- Free, no-obligation proposal
- Inspections by Florida-licensed engineers and architects
- Milestone, SIRS and recertification deadlines
The short answer
The SIRS sets the reserve schedule, and Hollywood boards can fund it with regular or special assessments, lines of credit or loans, with a majority of the total voting interests for a special assessment, line of credit or loan. Broward County reported 155 required Phase 2 inspections in 2025. For conditions that threaten life or safety, permits are due within 180 days of the report.
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Paying for reserves and repairs in Hollywood
- Broward County, which includes Hollywood, reported 155 required Phase 2 milestone inspections in 2025.
- Where the report finds conditions that threaten life, health or safety, the owner has 180 days from the report date to obtain the required permits.
- The city charges a $300 administrative fee to review the third-party inspection reports.
- BORA Policy 05-05, which Hollywood's program follows, counts the Broward safety inspection as compliance with both phases of the state milestone inspection.
- BORA's policy lets the Building Official extend the report deadline by up to 60 days, and gives up to 60 days to obtain repair permits on a sealed request from the professional.
How we handle reserve funding plans in Hollywood
Because the Broward inspection covers electrical systems as well as structure, a recent Hollywood report already speaks to two of the items a SIRS must cover. We send the reserve professional the latest structural and electrical reports and any permits pulled for repairs so the study prices what the engineers found.[2][4]
Permits in Hollywood
- City of Hollywood Building Safety Program: 25-Year or Older Building Safety Program notices and filings in Hollywood
What funding options does the law allow?
- Regular assessments set in the annual budget
- Special assessments, with a majority of the total voting interests
- A line of credit or loan, with a majority of the total voting interests, sized to cover any previously waived or unfunded reserves and immediately available to the board
- Pooling, but only of SIRS components with other SIRS components
Can we pause reserves to pay for milestone repairs?
For a budget adopted on or before 31 December 2028, if a milestone inspection was completed in the previous 2 calendar years, owners may approve by a majority of the total voting interests a pause or reduction of reserve contributions for up to two consecutive budgets to fund the milestone repairs. A new SIRS is required before contributions resume. The option does not apply to developer-controlled associations or associations controlled by owners for less than a year.[4]
What if the building is uninhabitable after a disaster?
If the local building official decides the whole building is uninhabitable because of a natural emergency, the board may pause or reduce reserve funding until the building is habitable again, and may spend reserves to make it habitable.[4]
| Topic | Rule in Hollywood | Source |
|---|---|---|
| First inspection | Hollywood inspects buildings at 25 years and every 10 years after, under its 25-Year or Older Building Safety Program. | City of Hollywood |
| Notice | Hollywood's page gives 90 days from the notice to complete the inspection. | City of Hollywood |
| Notice | After Surfside the city re-issued its certified letters and set up a Recertification Taskforce. | City of Hollywood |
Frequently asked questions
Is there local help with assessments or repair costs in Hollywood?
Broward County, which includes Hollywood, reported 155 required Phase 2 milestone inspections in 2025. State law lets associations fund reserves through regular or special assessments, lines of credit or loans.
How long do we have to pull repair permits in Hollywood?
For conditions that threaten life, health or safety, 180 days from the report date.
Is it 25 or 40 years in Hollywood?
The program started as Broward's 40-year program in 2005. The city now titles it the 25-Year or Older Building Safety Program and inspects buildings at 25 years and every 10 years after.
Sources
- Milestone Inspection Reporting Data 2024 and 2025, Report 26-04, July 2026, Florida Legislature, OPPAGA. Accessed October 27, 2026.
- Building Safety Inspection Program, City of Hollywood, City of Hollywood. Accessed October 28, 2026.
- Broward County Board of Rules and Appeals Policy #05-05, Building Safety Inspection Program (effective 9 August 2024), Broward County Board of Rules and Appeals (copy linked from the City of Fort Lauderdale BSIP page). Accessed October 28, 2026.
- s. 718.112, Florida Statutes (2026): Bylaws, including (2)(f) budget and reserves, (2)(g) SIRS, (2)(h) milestone inspections, The Florida Senate. Accessed October 28, 2026.
- Building Safety Inspection Program, City of Fort Lauderdale, City of Fort Lauderdale. Accessed October 28, 2026.
- Inspections: DBPR Condominium Information and Resources, Florida DBPR, Division of Florida Condominiums, Timeshares, and Mobile Homes. Accessed October 28, 2026.
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