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Georgia HOA Reserve Fund Requirements (2026)

O.C.G.A. §§ 44-3-220 et seq. (Georgia Condominium Act); §§ 44-3-220 et seq. (Georgia Property Owners Association Act)

Reserve Study Required

No

Governed by your CC&Rs and bylaws

Minimum Funding

None

No statutory minimum — governing documents control reserve obligations

Disclosure Required

No

No state-mandated reserve disclosure; requirements come from your governing documents

Post-Surfside Changes

No

No legislative change after Surfside

Key rules for Georgia HOAs
  • No state law requires a reserve study or minimum funding level
  • Reserve obligations are determined entirely by your CC&Rs and bylaws
  • Boards have a fiduciary duty to maintain common areas, which implies adequate reserve funding
  • Fannie Mae and FHA guidelines apply regardless of state law
  • Document reserve fund decisions in meeting minutes to demonstrate board prudence
Disclosure requirements

No state-mandated reserve disclosure; requirements come from your governing documents

Lender requirements (Fannie Mae & FHA)

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.

Tips for self-managed Georgia boards
  • Commission a reserve study even without a legal mandate — lenders check during unit sales
  • Aim for 70%+ funded status to avoid Fannie Mae and FHA flags
  • Document all reserve fund decisions in board meeting minutes
  • Review reserve contributions annually

Related tools for Georgia HOA boards

Reserve Calculator

Check your reserve fund health

Budget Builder

Build a line-item annual budget

HOA Health Report

Assess your community's financial health

Managing reserves for a Georgia HOA? LotWize tracks your reserve contributions automatically.

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.

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This page provides general legal information about Georgia HOA reserve requirements only — not legal advice. Reserve laws vary by community type (planned community vs. condominium) and change frequently. Always consult a licensed Georgia HOA attorney and review your governing documents for advice specific to your situation. Statute citations accurate as of 2026.