Landslide vote in House bodes well for easing limits on condo sales
By a 427-0 vote, the House passed the Housing Opportunity Through Modernization Act, co-sponsored by Reps. Emanuel Cleaver II (D-Mo.) and Blaine Luetkemeyer (R-Mo.) Among other provisions, the bill would force the Federal Housing Administration to ease rules and restrictions that have essentially turned the agency’s once-vibrant condominium-unit financing program into a minefield for would-be purchasers, condo associations and lenders. Read the article………..