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'What have they done with the money?' | Settlement money paid to HOA following 2016 tornado damage still sits in general fund
Residents at Avenues at Ayrsley said funds have not been distributed back to affected homeowners. CHARLOTTE, N.C. — Homeowners in Avenues at Ayrsley’s phase one neighborhood said their homeowners association received payments in 2021 and 2022 related to a tornado, and claim the money is still sitting in the HOA’s general fund, which is currently tapped for the entire community, not just the homes that were affected. The south Charlotte neighborhood has grown substantially since…
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