Community Associations Institute is thrilled to announce its support for the reintroduction of H.R. 9569 – Making Condos Safer and Affordable Act by Florida Reps. Debbie Wasserman Schultz and Maria Elvira Salazar. The bipartisan legislation modernizes and expands federal loan programs to help condominiums access financing for structural repairs, streamline approvals, and strengthen long-term building safety.
The Making Condos Safer and Affordable Act is designed to expand access to federal financing tools to help condominium owners and associations manage the cost of essential structural repairs and special assessments. The legislation also streamlines the loan process and increases flexibility for communities undertaking large-scale rehabilitation projects, helping communities avoid costly emergency repairs and protect long-term housing stability.
CAI thanks Debbie Wasserman Schultz and Maria Elvira Salazar for their leadership in reintroducing the bill. Condominium communities across the country are facing the growing challenge of funding critical structural repairs while maintaining affordability for homeowners.
We need your advocacy today to urge your members of Congress to cosponsor this legislation and support it today. ACT NOW and contact your congressional members directly here.
An estimated 32.2 million Americans live in approximately 140,000 to 150,000 condominium and housing cooperative buildings nationwide, according to the Foundation for Community Association Research. Many of these buildings are more than 30 years old, increasing the importance of proactive maintenance, structural inspections, and long-term financial planning. In recent years, heightened attention to building safety, particularly following the Surfside condominium collapse, has reinforced the need for sustainable funding solutions to support necessary repairs.
Five years after the Surfside condominium collapse, CAI remains committed to advancing solutions that strengthen building safety and expand access to critical resources. This bipartisan legislation provides practical financing tools to help communities address infrastructure needs, protect residents, and plan responsibly for the long term. We strongly support this effort and look forward to working with Congress to advance these important resources for millions of Americans living in condominiums.
CAI is committed to working with federal lawmakers and regulators, industry partners, and its nationwide membership to support the advancement of this legislation and promote policies that prioritize building safety, responsible governance, and long-term financial sustainability in condominium communities.
To learn more about CAI’s commitment to condominium safety and access resources on legislation, laws, and regulations that support structurally sound and fiscally responsible communities, visit: www.condosafety.com
