Del. Code Ann. tit. 25, §§ 81-101 et seq. (Delaware Uniform Common Interest Ownership Act)
No
Governed by your CC&Rs and bylaws
None
No statutory minimum — governing documents control reserve obligations
Yes
Annual report must include financial statements and reserve fund balance. Members may request reserve fund documents.
No
No legislative change after Surfside
Annual report must include financial statements and reserve fund balance. Members may request reserve fund documents.
Fannie Mae requires HOA to allocate at least 10% of assessments to reserves or demonstrate a 10% funding ratio. FHA requires similar. Low reserve funding can block unit sales and refinancing.
Fannie Mae requirement
Minimum 10% of assessments allocated to reserves, or a demonstrated 10% funding ratio. Associations below this threshold may face loan-level pricing adjustments or deal failure.
FHA requirement
Similar 10% minimum allocation. FHA-backed financing unavailable for units in HOAs that do not meet the threshold, reducing the buyer pool and depressing values.
LotWize helps self-managed HOA boards stay on top of reserve contributions, annual budget preparation, and best-practice reserve planning — without hiring a property management company.
Start 14-Day Free TrialThis page provides general legal information about Delaware HOA reserve requirements only — not legal advice. Reserve laws vary by community type (planned community vs. condominium) and change frequently. Always consult a licensed Delaware HOA attorney and review your governing documents for advice specific to your situation. Statute citations accurate as of 2026.