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 Association. Now, changes to federal mortgage rules are in the works.

Community association boards and community managers have been working overtime to keep communities safe and open during the pandemic, and now they are facing heightened demands to turn around lender questionnaires, estoppel letters, and new homeowner packets.

But wait, there’s more! CAI’s Government and Public Affairs team is tracking changes to federal mortgage rules that impact community associations. Within the past month, CAI filed comment letters with the U.S. Department of Housing and Urban Development’s Federal Housing Administration office and the Consumer Financial Protection Bureau. A brief summary of the letters and links to CAI’s responses are below.

  1. CAI supports proposed changes to FHA condominium approval forms to reduce constant lender questionnaires and to limit association liability when providing information necessary to complete FHA forms.
  2. CAI urges FHA to partner with associations to help borrowers keep their homes when possible or make a graceful exit if necessary.
  3. CFPB is eliminating a mortgage safety regulation that verifies consumers can afford monthly payments like association assessments before qualifying for a mortgage. CAI responded to the CFPB, urging that a borrower’s ability to pay association assessments remains a factor in mortgage lending.

For more on government actions affecting community associations, visit

  • C. Scott Canady

    Scott Canady's 13-year record of public service includes experience gained in the U.S. House of Representatives and in the U.S. Department of Housing and Urban Development.

    In Congress, Scott served as chief policy and political aide to a senior member of the House Financial Services Committee, working to reform the National Flood Insurance Program and improve the regulation of housing finance giants Fannie Mae and Freddie Mac.

    Following his time in Congress, Scott was appointed Deputy Assistant Secretary for Legislative Affairs at the U.S. Department of Housing and Urban Development. Scott served as a key legislative liaison with members of the House Financial Services Committee and the Senate Banking Committee.

    In 2009, Scott began his partnership with Community Associations Institute by launching Tambala Strategy. Through this partnership, Scott has worked with CAI's members and leadership team to advance the views of common interest communities on a variety of issues including federal condominium standards, federal disaster assistance for community associations, and community association lien priority.

    Scott earned a Bachelor of Arts in Political Science and History from Louisiana State University and a Master of Public Administration from the George Mason University Schar School of Policy and Government.

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