Not connected in any way with the official HVLA site
If you don’t learn about HOA’s, you’ll never understand….
Made with Xara
1968 - Started by Boise Cascade
1970 - Control assumed by HVLA
1970’s - Few houses. Many people
came to golf, use the Lake and
camp. Many bought lots for later
development - after retirement.
1980’s - Still a small community.
Loosely governed by Board of
Late 80’s - Receivership
1990’s - Investors/Speculators
purchased properties. Many became
delinquent in dues and taxes.
Late 1990’s - Concerns for fiscal
survival loomed. Efforts made to
reduce delinquencies, largely
unsuccessful, but falsely portrayed
Recent 2000 - 2019
Bernie Madoff fooled thousands of
people for years. In HVLA
thousands of people have been
fooled for 25+ years. Self-absorbed,
narrowly-focused leadership caused
serious damage to HVLA.
From about 2000 through early 2015
HVLA suffered from serious
mismanagement and corruption.
Lack of standards and consistency
in fiscal management, personnel,
contracting, facilities management
and long-term planning prevailed.
Corruption in contracting, fiscal
management and personnel became
Since 2015 improvements have been
made (thorough audit; independent
reserve study), but damage caused by
losses from the 2000-15 period has
remained mostly ignored - $10-15
MORE HISTORY ---
“To know your future, you must know your past...”
1992 - Hired first professional