FirstService Residential announces $10 million relief fund for community associations impacted by Hurricane Helene

Property management leader deploys immediate support for residential communities to expedite emergency repairs

DANIA BEACH, Fla., Oct. 1, 2024 FirstService Residential, North America's leading property management company, has made $10 million in emergency funding available to support community associations under its management impacted by Hurricane Helene.

The emergency loans are designed to offer immediate financial support to association boards, enabling them to commence necessary repairs while waiting for insurance claims to be processed.

"Ensuring the safety and well-being of the families and residents in our communities is our top priority. By leveraging our resources and scale, we aim to expedite the recovery process so that residents can return to their homes as quickly as possible," said David Diestel, CEO.

"Ensuring the safety and well-being of the families and residents in our communities is our top priority," said David Diestel, CEO of FirstService Residential. "By leveraging our resources and scale, we aim to expedite the recovery process so that residents can return to their homes as quickly as possible."

The $10 million relief fund is managed by FirstService Financial, an affiliate of FirstService Residential, and is available to affected properties right away.

"Our teams have been tirelessly working to support our communities before, during, and after the storm, especially in areas heavily impacted," stated Diestel. "This relief fund enables our communities to undertake emergency repairs without waiting for the insurance claims to be finalized. We are dedicated to using our extensive resources and FirstService Financial's programs to assist communities when they need it the most."

FirstService Residential established this short-term loan emergency fund program in 2012 in response to Hurricane Sandy's impact on New York and New Jersey. It has since been utilized after other natural disasters affected communities in the United States and Canada.

Association board members are encouraged to contact their property manager directly to request relief fund assistance and obtain further information.

About FirstService Residential

FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident.

Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community's specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support.

Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care.

FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients.