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………..


Tags assigned to this article:
condoFHAHOArestrictions

Related Articles

HOA Records Bill Signed Into Law (CO)

During a bill signing ceremony today, Governor Hickenlooper signed House Bill 14-1125 (“HB 1125”) into law. HB 1125 will go

Leverage Shift: Community Associations Facing Developer Transition Benefit From Court of Appeals’ Decision (NC)

The North Carolina Court of Appeals recently issued an opinion that should make it easier for owners associations to pursue

Recovering Attorneys’ Fees in HOA Election Disputes

The California Court of Appeal’s recent ruling in a case underscores how crucial it is for HOAs to strictly comply