Changes Coming in FHA Condominium Guidelines?
If you’re a listener to “Condo and HOA Buzz” you heard over the past two weeks that Congress recently passed a bill that includes important provisions affecting all condominiums in the country. On February 2, 2016, HR 3700 was approved by the House of Representatives 427-0. The proposed law would streamline the FHA’s certification requirements for condo projects, allow more commercial space in FHA-approved condo buildings, and relax current owner-occupancy requirements. Read the article………………
It’s a seller’s market for new condos in cities like San Francisco, Miami, and New York. If, for example, a
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