Relevance
Reserve Studies are required more often in recent years by HOAs and Boards of Trustees for due diligence, budget and planning purposes. An increasing number of U.S. states and Canadian Provinces today require some form of Reserve Planning or Disclosures. Fannie Mae and the Federal Housing Administration also now require Reserve Studies in order for development projects to be approved for FHA insured loans and Fannie Mae lending products and services.
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Famous quotes containing the word relevance:
“... whatever men do or know or experience can make sense only to the extent that it can be spoken about. There may be truths beyond speech, and they may be of great relevance to man in the singular, that is, to man in so far as he is not a political being, whatever else he may be. Men in the plural, that is, men in so far as they live and move and act in this world, can experience meaningfulness only because they can talk with and make sense to each other and to themselves.”
—Hannah Arendt (1906–1975)
“The most striking fault in work by young or beginning novelists, submitted for criticism, is irrelevance—due either to infatuation or indecision. To direct such an author’s attention to the imperative of relevance is certainly the most useful—and possibly the only—help that can be given.”
—Elizabeth Bowen (1899–1973)
“Wherever the relevance of speech is at stake, matters become political by definition, for speech is what makes man a political being.”
—Hannah Arendt (1906–1975)