The following update comes from Dawn Bauman at CAI's Government Affairs Blog: There are approximately 145,000 to 155,000 condominium projects in the U.S., according to the Foundation for Community Association Research (FCAR). As of October 2016, 9,866 condominiums—less than 7 percent of condominium projects nationwide—were Federal
As indicated back in February, the U.S. House of Representatives passed H.R. 3700 titled the "Housing through Modernization Act." The bill made revisions to the FHA condominium approval process (discussed below). On July 14, 2016, the U.S. Senate unanimously approved the bill and President Obama is
According to Community Associations Institute ("CAI"), a leading national community association organization, the U.S. House of Representatives will vote today on important changes to the Federal Housing Administration’s ("FHA") condominium project approval process. The changes to the FHA condominium project approval process are included in H.R.
