Feigenholtz measure provides timely transparency of reserve studies for unit owners

SPRINGFIELD – In response to the condominium collapse in Surfside, Florida in June 2021, State Senator Sara Feigenholtz (D-Chicago) spearheaded a measure that would increase transparency for Chicago residents who live in high rises that passed the Senate Tuesday. “It is the unit owners that pay monthly assessments into the reserve funds; therefore, these funds should be transparent to unit owners,” said Feigenholtz. “People