Florida · Association Financing
40 & 50-Year Recertification Financing for Florida Associations
Association-level financing for repairs required under Miami-Dade and Broward County's local building recertification programs — often called the 40-year (and, on the second cycle, 50-year) recertification.
Long before Florida's statewide milestone-inspection law existed, Miami-Dade and Broward County ran their own local building recertification programs — commonly called the 40-year recertification because it requires an initial structural and electrical inspection when a building reaches 40 years of age, then re-inspection roughly every 10 years after (the 50-year, 60-year cycle, and so on). These county programs operate alongside, not instead of, the statewide milestone-inspection law (§553.899); a building in Miami-Dade or Broward can be subject to both, and specific procedures and fees are set at the county level and vary by jurisdiction.
A recertification inspection routinely surfaces the same structural findings a milestone inspection would — spalling concrete, corroded rebar, aging electrical systems, roof and waterproofing issues — and the county's process for compelling repairs runs on its own local timeline. Repair costs depend entirely on what the inspection finds, from a limited electrical fix to a full structural restoration; figures vary widely and any cost estimate is illustrative only, not a quote. Financing lets a qualifying association fund whatever the recertification requires over a term of up to 30 years instead of a lump-sum special assessment against owners.
Programs
Miami-Dade & Broward County local recertification ordinances
Cycle
Initial at 40 years, then roughly every 10 years
Relationship to state law
Runs alongside §553.899 milestone inspections
Financing term
Up to 30 years
Financing 40 & 50-year recertification
A recertification finding comes with a county timeline attached, which makes financing especially useful — it lets a board move on required repairs immediately without waiting on a special-assessment vote and collection cycle.
How the program works
Instead of a lump-sum special assessment, a qualifying association spreads a major reserve or repair project over terms up to 30 years — owners pay a modest monthly line item and the reserve fund stays intact. HOA Capital is not a lender; we connect qualifying Florida associations with an institutional lending program. No cost to apply, no credit pull to inquire.
40 & 50-Year Recertification FAQ
Is 40-year recertification the same as Florida's milestone inspection law?
No — they're related but separate. Miami-Dade and Broward County's recertification programs predate and run alongside the statewide milestone-inspection statute (§553.899). A building in either county can face both requirements on overlapping but not identical timelines; check with your local building department for your building's specific status.
Does the December 31, 2026 deadline apply to recertification?
December 31, 2026 is the statutory outer bound for completing a Structural Integrity Reserve Study (SIRS) when it's paired with a milestone inspection — it isn't a recertification-specific deadline. County recertification timelines are set separately by the local building department.
Can we finance recertification-driven repairs?
Yes. Whatever a recertification inspection requires — structural, electrical, or otherwise — is the kind of capital project association-level financing is designed for, spread over up to 30 years. No cost to apply, no credit pull to inquire.