Florida condominium and HOA boards: the grace period is officially over. As of May 2026, the Structural Integrity Reserve Study (SIRS) deadline has passed, and full funding of identified structural reserves is now mandatory in your 2026 operating and reserve budgets. Thanks to HB 913 and DBPR enforcement, the previous waiver option for key structural components has been eliminated. Boards that delay risk compliance violations, lender rejections, higher insurance premiums, and potential personal liability.
Here’s exactly what every Florida association needs to know—and do—right now.
1 Full SIRS Funding Is Required in 2026 Budgets
The law is clear: associations must fully fund the reserves identified in their Structural Integrity Reserve Study. No partial funding. No kicking the can down the road.
Acceptable funding methods under HB 913 include:
- Regular monthly assessments
- Special assessments (approved by majority vote)
- Loans or lines of credit
Key takeaway: Underfunded reserves are no longer just a future problem—they are an immediate compliance, financing, and insurance issue.
2 The Inflation-Adjusted SIRS Component Threshold Is Now ~$25,675
The original $25,000 threshold for components that must be included in a SIRS is adjusted annually for inflation. For 2026 it sits at approximately $25,675.
Every roof, balcony, foundation, load-bearing wall, and other qualifying structural element above this amount must be professionally evaluated and fully funded. Accurate identification is critical for both SIRS compliance and the related milestone inspections.
3 Pooled Funding Is Now Explicitly Allowed (and Often Smarter)
One of the most helpful provisions of HB 913 is the green light for pooled reserve funding in addition to traditional component-by-component or cash-flow methods.
Pooled funding lets associations combine reserves into a single “pot” that can be used for any eligible structural repair—giving boards greater flexibility to manage cash flow while still meeting the full-funding mandate.
Pro tip: The right choice between pooled, component, or cash-flow depends on your community’s age, location, and hurricane exposure. A professional reserve study will show you side-by-side comparisons so you can pick the strategy that minimizes special assessments.
4 Post-Hurricane Costs Continue to Drive Reserve Study Prices Higher
Recent storm seasons have pushed rebuilding and replacement costs up 20-30 %. Typical mid-size Florida condominium SIRS preparation and update fees now range from $5,500 to $16,500+, but the real risk is being under-reserved when the next major repair hits.
Lenders and insurers are actively scrutinizing SIRS compliance. Non-compliant associations are seeing higher premiums or outright denials.
How FPAT Helps Florida Associations Stay Ahead
We know how stressful it is when insurance companies throw curveballs and Florida’s laws pile on the pressure. We’ve been there with folks just like you, and we’re here to take the weight off your shoulders.
FPAT is Florida’s trusted expert in condo reserve studies. We’ve helped countless condo boards and property managers nail their reserve studies—traditional ones and SIRS—while keeping Florida’s weather risks and HOA quirks in mind.
For more than 20 years, FPAT has specialized in Florida-specific reserve studies. Our hurricane-ready studies:
- • Incorporate the latest local cost data and wind-load requirements
- • Deliver 24-hour proposal turnaround
- • Include clear pooled-vs-component funding scenarios
- • Produce documentation that satisfies DBPR, lenders, insurers, and your members
We don’t just check a box—we help you build a reserve plan that protects your community’s financial health and keeps you fully compliant.
