At long last a Texas HOA is getting some much-deserved attention. Sadly, it took a homeowners lawsuit to get the ball rolling.
Folks in the Sunchase HOA in Northeast Austin are wondering where a million bucks went. It just kind of wandered off someplace. It’s illegal for a Texas HOA not to have regular audits of their books. Of course, it’s also illegal to filch a million bucks, IF that’s what happened. And Sunchase hasn’t had an audit for at least five years.
The property manager, Nancy Thompson keeps the HOA’s money in several different banks. But for some reason, she won’t let board members or homeowners see any of her bank statements. Board members are also question why Thompson was given thousands of dollars in bonuses. Austin Police are sniffing around. Between them and the lawyers, we may see some future news stories.
Good reporting by Chris Willis of KXAN.