Federal Housing Finance Agency Publishes Rule Regarding Capital Contributions, CondoFees, Flip Taxes, HOA Transfer Fees, etc.

The Federal Housing Finance Agency (“FHFA”) recently published a Notice of Proposed Rulemaking directing Fannie Mae, Freddie Mac and the Federal Home Loan Bank System to regulate transfer fees paid to common interest community associations. While the revised FHFA draft will allow community associations to continue to use deed-based transfer fees (i.e., capital contributions, condo fees, flip taxes, etc.) to fund association operations, the rule would still allow FHFA to limit how associations use the income generated by such fees.  Read More……


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