NAR President Tom Salomone Calls HUD Condo Rule a Start, but More Changes Needed
When H.R. 3700, the “Housing Opportunity Through Modernization Act,” was signed into law earlier this year, the Department of Housing and Urban Development was given notice that they had 90 days to weigh in on regulations related to Federal Housing Administration financing for condominiums before changes automatically went into effect. These included rules regarding owner-occupancy rates and treatment of spot loans, among others. In response to H.R. 3700, HUD today released a proposed rule on condos that includes positive changes, such as a return of spot loans and an extension of the certification period, but it also includes a proposal to set owner-occupancy rate requirements within a range of 25 to 75 percent. This is despite a 35 percent requirement laid out in H.R. 3700. Read the article…………..
Today, more people are moving to condominiums from their village houses. Condo living lets them be nearer to coffee shops
GoldPost Technologies, (GPT) Launches Mobile Homeowners App, HOA Insight, at the May 2014 Community Association Institute’s Annual Conference
Gold Post Technologies, Inc. (GPT), the Nevada based company that turns big data into easy to manage mobile applications launched
Given the challenges and complexities involved in the running of strata title facilities, managers should avail themselves of the most