FHA Releases Revisions to Condominium Approval Guidelines
The Community Associations Institute (CAI) has just reported that the Federal Housing Administration (FHA) has released revisions to its condominium approval guidelines. In response to recent market and industry pressure, the FHA has determined to modify the existing rules and standards regulating the eligibility of condominiums to acquire FHA financing. CAI’s initial review of the […]
Can HOA Enforcement Actions Equate to Discrimination?
The recent, unpublished opinion in Radell v. Park Wilshire Homeowners Association (2011) illustrates the importance of fully complying with prescribed HOA enforcement procedures. In Radell, the Plaintiffs alleged that the Willshire Bark Homeowners Association (“Association”) Board of Directors (“Board”) “committed a series of discriminatory acts intended to diminish the presence of Puerto Rican women in […]
FHA Supported Lending: New Expiration Dates for Recertification of Condominiums
The FHA has issued new expiration dates for recertification of condominiums to be eligible for FHA supported lending… Content by Terri A. Morris The condominium project approvals granted by the Federal Housing Administration (FHA) expire two (2) years from the date of approval; however, the FHA has issued new expiration dates in light of the […]