I'm not seeing anything for HOAs beyond any limitations that may exist in the community's CC&Rs. Condos may be different.
https://www.daniafernandez.com/2021/03/30/how-much-can-an-hoa-raise-dues-each-year-in-florida/ Editorial:
As Melissa noted, an HOA's expenses are what they are, and in recent years they've been rising dramatically. Typical causes:
* Inflation (particularly in the building industry due to demand and supply chain issues, which affect repair costs for existing communities)
* Insurance (we've heard reports of premiums doubling year over year or insurers leaving particular markets altogether)
* Inadequate reserves (previous underfunding and increasing damage to do extreme weather) resulting in the need for loans or special assessments
These laws that limit a board's ability to raise assessments to the necessary level are an example of "consumer protection" laws that actually cause the consumer harm in the long run. I've referred to them as "licenses to commit financial suicide". When an HOA's assessments are unrealistically low, then essential maintenance will be neglected. This results in components wearing out faster than they should and actually increases expenses over time.
Associations that kick the can down the road each year eventually run out of road (as we saw when the condo in Surfside collapsed two years ago). Yes, those were condos, but the principle is the same. Things cost what they cost, and vendors don't care about the labels you've put on your community. Poorly maintained communities don't do anybody any favors - and in fact make them vulnerable to takeover by professional investors who buy up distressed properties so that they can turn them into rentals. People who refuse to maintain their homes to the necessary standard may find themselves not owning their homes at all.