by C. Scott Canady | May 18, 2022 | Federal Advocacy, Housing Finance
This week, the Biden administration announced polices to lower housing costs and increase the supply of homes for sale and rent. CAI has evaluated the announcement and identified three areas of primary interest to community association board members, managers, and...
by C. Scott Canady | Mar 3, 2022 | Home Act, Housing Finance, Other
The American Rescue Plan Act of 2021 created the $9.6 billion Homeowner Assistance Fund (HAF) to help homeowners who lost jobs and income as a result of the COVID-19 pandemic catch up on housing payments such as community association assessments, mortgages, and...
by Dawn Bauman, CAE | Jan 25, 2022 | Federal Advocacy, Housing Finance
The number of new condominium communities and homeowners associations is expected to increase by 5,000 in 2022, according to projections by the Foundation for Community Association Research, an affiliate organization of Community Associations Institute (CAI)....
by Dawn Bauman, CAE | Oct 26, 2021 | Fannie Mae, Housing Finance
On Oct. 13, Fannie Mae released new project requirements for condominiums and housing cooperatives following the partial collapse of Champlain Tower South condominium in Surfside, Fla., in late June. The requirements, which become effective Jan. 1, apply to loans...
by C. Scott Canady | Sep 24, 2020 | Housing Finance
In a storyline only 2020 could deliver, as the nation slogs its way through a pandemic and economic recession, home sales have increased by 25% according to the National Association of Realtors, and mortgage lending has jumped 33% according to the Mortgage Bankers...
by Dawn Bauman, CAE | Jun 14, 2018 | Housing Finance
UPDATE Jun. 27, 2018: Secretary Ben Carson announced plans to release the final rule easing restriction on FHA loans for condominiums beginning in Sept. 2018. As the number of FHA-approved condominiums continues to decrease, congressional leaders call on HUD Secretary...
