More than 100 advocates met with 150 congressional offices and federal lawmakers to educate them about the community association housing model during CAI’s recent 2018 Advocacy Summit in Washington, D.C. Attendees specifically pushed for reform of the Federal Housing Administration (FHA) condominium program during their visits. A critical component of FHA’s mission is serving first-time homebuyers and minority borrowers. Currently, only six percent of U.S. condominium projects are approved by the FHA, and 93 percent of condominium homeowners have no access to FHA-insured mortgages. Read the article……………..
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