Greater Access to FHA Financing for Condo Buyers
FHA RELEASES UPDATED APPROVAL RULES FOR CONDOMINIUMS Changes to approval process will ease burdensome requirements on condominium associations, improve access to FHA-insured mortgages for first-time homebuyers Community Associations Institute (CAI) applauds the...
Impact of the Government Shutdown on Community Associations
The partial government shutdown impacts several federal agencies and programs important to community associations. Homeowners and buyers, board members, community managers, attorneys, and other business partners may notice delays in condominium loan certification, flood insurance policy changes, drone licensing approvals, and more.
U.S. Senators Press HUD to Prioritize FHA Condominium Approvals
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...
