Tag Archives: FHA Certification

Quick Update: Proposed Changes to FHA Condominium Project Approval Process

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. 3700, the “Housing Opportunity Through Modernization Act”, bipartisan legislation authored by Rep. Blaine Luetkemeyer (R-MO)

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Should your Michigan Condominium Association Obtain FHA Certification?

The Federal Housing Administration (“FHA”) is a government-owned and operated insurance company which was established by the National Housing Act of 1934.  FHA insures home loans for buyers who typically cannot afford a conventional down payment.  To be clear, FHA does not lend taxpayer money and is not the originator of mortgage loans.  Thus, a ‘FHA backed loan’ provides a

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